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Xinjiang Guannong Fruit & Antler (Group) Co Ltd Amends Private Placement Plan


Thursday, 11 Jul 2013 08:00pm EDT 

Xinjiang Guannong Fruit & Antler (Group) Co Ltd announced that it has amended its previously announced private placement plan. According to the new plan, the Company will issue up to 56,629,834 A shares of common stock with par value of RMB 1.00 per share at no less than RMB 14.69 per share, to raise approximately RMB 820 million. Partial funds raised will be used to acquire a 100% stake in three Bazhou-based cotton industry companies. 

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