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Tai Yuan Tianlong Group Co Ltd to Issue A Shares in Private Placement


Tuesday, 9 Apr 2013 08:00pm EDT 

Tai Yuan Tianlong Group Co Ltd announced that it will issue up to 260,420,000 A shares of common stock with par value of RMB 1 per share at no less than RMB 3.84 per share, to up to 10 investors. The Company aims to raise RMB 1 billion in the private placement. Approximately RMB 304.40 million will be used for the acquisition of a 100% stake in a Hong Kong-based investment company from a Sichuan-based auto part manufacturing company.