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Sichuan Hongda Co Ltd to Issue Shares


Friday, 23 Aug 2013 12:00pm EDT 

Sichuan Hongda Co Ltd announced that it will issue 1,000 million A shares with par value of RMB 1 at RMB 3.86 per share, to seven companies including its controlling shareholder. The Company will raise RMB 3,860 million through the issuance, for loan repayment and cash flow. As a result, a holding company will hold 200 million shares (a 9.84% stake) in the Company and five other companies will hold 100 million shares (a 4.92% stake) in the Company. 

Company Quote

6.73
0.14 +2.12%
1:59am EST