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Fujian Nanfang Textile completes private placement and acquisition plan

Thursday, 24 Jul 2014 08:00pm EDT 

Fujian Nanfang Textile Co Ltd:Completed the issuance of 969,863,611 A shares at 4.79 yuan per share, through private placement to Fujian Energy Group Co., Ltd.Completed acquisition of 100 pct stake in a Fujian-based thermal power company, 100 pct stake in a Fujian-based new energy company and 75 pct stake in a Fujian-based natural gas company from Fujian Energy Group Co., Ltd.Transaction price of 4,645,646,700 yuan.Fujian Energy Group Co., Ltd.'s stake in the company was increased to 77.07 pct (969,863,611 shares) up from 0 pct. 

Company Quote

0.03 +0.30%
27 Feb 2015