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Fujian Dongbai (Group) Co Ltd announces private placement


Tuesday, 13 May 2014 08:00pm EDT 

Fujian Dongbai (Group) Co Ltd:To issue 105,891,980 shares at price of 6.11 yuan per share through private placement.To raise 647 mln yuan in total.Proceeds raised will be used to pay issue expense, real estate projects and supplement of liquidity.