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Wuhan East Lake High Technology Group Co Ltd Completes Private Placement

Monday, 20 May 2013 08:00pm EDT 

Wuhan East Lake High Technology Group Co Ltd announced that it has completed the private placement of 41,882,955 A shares of common stock with par value of RMB 1 per share at RMB 7.32 per share, to a Shanghai-based investment center (Company A). The Company raised RMB 306,583,230.60 through the issuance. After that, Company A began to hold a 6.60% stake in the Company. 

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