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Provider : Reuters Investment Profile
Provider : Thomson Reuters Stock Report
Provider : Wright Reports
Provider : Sadif Analytics Prime

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Winsan (Shanghai) Industrial Corp Ltd to issues new shares for equity acquisition and fund raising

Thursday, 5 Dec 2013 07:00pm EST 

Winsan (Shanghai) Industrial Corp Ltd:Says to acquire a 100 pct stake in a Tianjin-based investment company valued at 459 million yuan from a Shanghai-based investment company and a Tianjin-based investment management company through new shares issuance.Says the company will issue approximately 74.91 million new shares of its common stock for 6.13 yuan per share to the Shanghai-based investment company and the Tianjin-based investment management company.Says the company will issue up to 27.7294 million new shares for not less than 5.52 yuan per share to up to ten investors through private placement, to raise up to 153 million yuan.Says the proceeds be used in projection construction and operation.