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Chongqing Jiulong Electric Power Co Ltd to Issue A Shares in Private Placement

Sunday, 30 Jun 2013 08:00pm EDT 

Chongqing Jiulong Electric Power Co Ltd announced that it will issue up to 100 million A shares of common stock with par value of RMB 1.00 per share at not less than RMB 16.69 per share in private placement, to raise up to RMB 1.669 billion through the issuance. The Company aims to invest partial funds in its power generation projects, and use partial funds to acquire a 80% stake in a Tianjin-based technology engineering company, as well as desulfurization and denitrification device and relative assets of a Chongqing-based power generation company. 

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