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Top Energy Co Ltd Shanxi to Acquire Companies and Equity Shares; to Raise Fund through Private Placement


Friday, 27 Sep 2013 08:00pm EDT 

Top Energy Co Ltd announced that it has resolved to issue 1,382,756,200 new shares at the price of RMB 6.59 per share, to Shanxi International Electricity Group Limited Company, and pay cash of RMB 1,500 million to Shanxi International Electricity Group Limited Company, to acquire a 100% stake in 12 companies held by Shanxi International Electricity Group Limited Company. The Company will also issue 43,872,300 new shares at the price of RMB 6.59 per share, to a Shanxi-based coke company, to acquire a 45% stake in a Shanxi-based mining company. The total acquisition amount is RMB 10,901,482,200. The Company will also issue up to 455,235,200 new shares to raise up to RMB 3 billion. 

Company Quote

5.53
0.15 +2.79%
16 Sep 2014