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Chengtun Mining Group Co Ltd to Issue A Shares in Private Placement


Friday, 17 May 2013 08:00pm EDT 

Chengtun Mining Group Co Ltd announced that it will issue up to 162.77 million A shares with par value of RMB 1 per share at not less than RMB 8.77 per share in private placement. The Company aims to raise up to RMB 1,427.57 million through the issuance. Approximately RMB 723.57 raised will be used for the acquisition of an 85.71% stake in a Shenzhen-based equity investment company and a 3% stake in a Guizhou-based mining company. 

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