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Grinm Semiconductor Materials Co Ltd to Issue New Shares through Private Placement


Friday, 19 Apr 2013 08:00pm EDT 

Grinm Semiconductor Materials Co Ltd announced that it has decided to issue 60,349,434 shares, with par value of RMB 1 per share, at the price of RMB 9.73 per share, or RMB 587,199,992.82 in total, to General Research Institute for Nonferrous Metals. As a result, General Research Institute for Nonferrous Metals will increase the stake in the Company, from 884,332,900,000 shares (40.66% stake) to 1,487,827,240,000 shares (53.55% stake).