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Jilin Chengcheng Group Co Ltd Announces Private Placement

Monday, 24 Jun 2013 08:00pm EDT 

Jilin Chengcheng Group Co Ltd announced that it will issue 300 million shares for RMB 4.68 per share through private placement, comprised of 90 million shares to Mr. Cheng Qingbo, 100 million shares to a Shanghai-based investment center, as well as 55 million shares to two other Shanghai-based investment center respectively. The Company aims to raise RMB 1,404 million through the share issuance. The proceeds will be used for capital injection in a Guizhou-based energy company for shale gas exploration as well as business operation. 

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24 Oct 2014