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Shanghai Feilo to issue shares for stake acquisition and fund raising

Tuesday, 10 Jun 2014 08:00pm EDT 

Shanghai Feilo Co Ltd:To issue 393,259,972 A shares of its common stock with par value of 1 yuan per share, at the price of 7.27 yuan per share, to three individuals and a Shenzhen-based company in exchange for 100 pct stake in China Security & Fire Technology Group Co.,Ltd.Transaction price is 2,859 mln yuan.To issue no more than 131,086,657 shares at 7.27 yuan per share through private placement, to raise up to 953 mln yuan.The proceeds will be used for security systems engineering construction funds, security systems integration conventional bidding project funds and urban security intelligent information project funds. 

Company Quote

0.08 +0.71%
26 Nov 2014