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Grandblue Environment Co., Ltd to issue shares for stake acquisition and fund raising


Monday, 23 Dec 2013 07:00pm EST 

Grandblue Environment Co., Ltd:Says to issue 135,971,200 shares at 8.34 yuan per share and pay cash of 1,100 million yuan, to acquire 100 pct stake in a Xiamen-based environmental protection company and 30 pct stake in a Foshan-based gas development company.Says to acquire 100 pct stake in the Xiamen-based company from a Hong Kong-based company for 1,850 million yuan and the 30 pct stake in the Foshan-based company from a Foshan-based construction investment company for 384 million yuan.Says to issue no more than 99,156,700 shares at no less than 7.51 yuan per share through private placement, to raise up to 744,670,000 yuan.Says proceeds will be used for acquisition of 100 pct stake in the Xiamen-based company. 

Company Quote

14.99
0.53 +3.67%
19 Dec 2014