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Hualing Xingma Automobile (Group) Co Ltd Completes Private Placement

Tuesday, 9 Jul 2013 08:00pm EDT 

Hualing Xingma Automobile (Group) Co Ltd announced that it has completed the issuance of 150 million A shares of common stock at RMB 8.08 per share in private placement, and raised RMB 1.212 billion. After the issuance, a Maanshan-based construction material industry company decreased its holdings in the Company from 14.20% to 10.37%, by subscribing no share in the issuance. The Company's second major shareholder, Shi Zhengfu, also holds a 9.41% stake in the Company, down from 12.89%. A trust plan of a Shenzhen-based fund company holds a 4.05% stake in the Company, and two asset management plans of a Shanghai-based fund management company respectively hold a 3.03% stake in the Company. 

Company Quote

-0.27 -2.47%
2:39am EDT