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Chongqing Dima Industry Co Ltd Announces Changes in Shareholding Structure


Tuesday, 17 Sep 2013 08:00pm EDT 

Chongqing Dima Industry Co Ltd announced that it will issue 868,695,439 new shares to DOYEN HOLDINGS LIMITED, 222,635,260 new shares to JIANGSU HUAXI GROUP CORPORATION, and 88,367,991 shares to a Jiangsu-based investment holding group company through private placement. As a result, DOYEN HOLDINGS will hold a 60.14% stake in the Company, up from 38.02%, JIANGSU HUAXI GROUP CORPORATION will hold a 11.72% stake in the Company, up from 0% and the Jiangsu-based investment holding group company will hold a 4.65% stake in the Company, up from 0%.