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CPI YUANDA ENVIRONMENTAL-PROTECTION (GROUP) CO., LTD. Adjusts Private Placement Plan; to Acquire Assets and Equity Shares


Friday, 30 Aug 2013 12:00pm EDT 

CPI YUANDA ENVIRONMENTAL-PROTECTION (GROUP) CO., LTD. announced that it has adjusted its private placement plan of issuing up to 100 million A shares of common stock with par value of RMB 1 per share at not less than RMB 16.69 per share. According to the new plan, the Company will issue up to 98.1834 million A shares at not less than RMB 16.61 per share. The Company will use the proceeds 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 for RMB 24.2067 million, as well as desulfurization and denitrification device and relative assets of a Chongqing-based power generation company for RMB 602.5525 million. 

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