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PANDA FIREWORKS GROUP CO LTD Completes Shares Issuance through Private Placement


Wednesday, 9 Oct 2013 08:00pm EDT 

PANDA FIREWORKS GROUP CO LTD announced that it has completed the issuance of 40,000,000 A shares at RMB 9.89 per share through private placement, to a investment company in Wanzai County, for RMB 395,600,000.00 in total. The proceeds will be used for loan repayment and business operation. As a result, the Wanzai-based investment company is holding 24.10% stake (40,000,000 shares) in the Company, and another investment company is holding 18.30% stake (30,382,340 shares) in the Company down from 24.11% (30,382,340 shares). 

Company Quote

25.26
-1.41 -5.29%
19 Dec 2014