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Yunnan Chihong Zinc&Germanium Co Ltd Announces Rights Issue


Thursday, 28 Mar 2013 08:00pm EDT 

Yunnan Chihong Zinc&Germanium Co Ltd announced that it will issue 393,028,724 A shares of common stock with par value of RMB 1.00 per share at RMB 9.98 per share, to its existing shareholders, who are eligible to purchase three new shares for every 10 share they hold. The Company aims to raise up to RMB 3,922,426,700 through the issuance. RMB 2.143 billion raised from the issuance will be used to acquire a 51% stake in an Inner Mongolia-based mining industry company form Yunnan Metallurgical Group Co., Ltd, and the remaining part will be used to repay bank loans. 

Company Quote

9.04
-0.07 -0.77%
2:59am EDT