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Meidu Holding Co Ltd Announces Private Placement of A Shares

Thursday, 11 Jul 2013 08:00pm EDT 

Meidu Holding Co Ltd announced that it will issue up to 1 billion A shares of common stock with par value of RMB 1 per share at RMB 2.46 per share, to nine investors including Mr. Wen Zhanghua, to raise up to RMB 2.46 billion. Partial funds raised will be invested into an oilfield capacity building project, and the remaining part will be used for the supplement of working capital. 

Company Quote

0.01 +0.15%
27 Mar 2015