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CHANGYUAN GROUP LTD Announces Private Placement and Changes of Shareholding Structure


Tuesday, 29 Oct 2013 08:00pm EDT 

CHANGYUAN GROUP LTD announced that it will issue up to 150 million A shares of common stock with par value of RMB 1 per share at not less than RMB 7.11 per share in private placement to CDF-Capital . The Company aims to raise up to RMB 1,066.50 million through the issuance. After this, CDF-Capital will hold a 14.80% stake (150,000,000 shares) in the Company and become the second major shareholder of the Company. 

Company Quote

12.42
0.57 +4.81%
1 Aug 2014