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Fangda Carbon New Material Co Ltd Amends Private Placement Plan

Monday, 25 Mar 2013 08:00pm EDT 

Fangda Carbon New Material Co Ltd announced that it has amended its private placement plan of issuing up to 231.50 million A shares of common stock with par value of RMB 1 per share at not less than RMB 12.16 per share, due to the Company's cash dividend payment of RMB 3 per 10 shares (pre-tax) and using additional paid-in capital to distribute two new shares for every 10 shares. According to the new plan, the Company will issue up to 284.73 million A shares at not less than RMB 9.89 per share, still to raise up to RMB 2,816,011,700 million in private placement. 

Company Quote

-0.33 -2.96%
28 Nov 2014