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Henan Pinggao Electric Co Ltd Amends Private Placement Plan

Friday, 3 May 2013 08:00pm EDT 

Henan Pinggao Electric Co Ltd announced that it will issue up to 316.35 million A shares of common stock with par value of RMB 1 per share, instead of up to 320 million A shares, which was previously announced on November 12, 2012, at not less than RMB 7.26 per share, to Pinggao Group Co., Ltd (Pinggao Group). Pinggao Group will invest its operational assets worth RMB 879,395,500 as consideration to subscribe partial new shares, and partial shares will be purchased in cash of RMB 1.4 billion. 

Company Quote

0.08 +0.61%
20 Oct 2014