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INNER MONGOLIA YILI ENERGY CO LTD Completes Share Issuance


Friday, 23 Aug 2013 12:00pm EDT 

INNER MONGOLIA YILI ENERGY CO LTD announced that it has completed the issuance of 556,300,000 shares at RMB 5.35 per share through private placement to seven investment companies. The Company has raised RMB 2,976,205,000 in total through the issuance. China Securities Co., Ltd. served as the main underwriter. As a result, Elion Resources Group is holding a 58.95% stake (1,231,850,894 shares) in the Company, down from 80.34% (1,231,850,894 shares), and the seven companies are holding 4.60% (96,100,000 shares), 4.12% (86,100,000 shares), 3.80% (79,300,000 shares), 3.79% (79,100,000 shares), 3.57% (74,700,000 shares), 3.56% (74,400,000 shares) and 3.19% (66,600,000 shares) in the Company respectively. 

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