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GD Power Development Co Ltd Completes Private Placement; Announces Change in Shareholding Structure


Wednesday, 9 Jan 2013 07:00pm EST 

GD Power Development Co Ltd announced that it has completed its private placement of 1,834,862,384 A shares of common stock with par value of RMB 1 per share at RMB 2.18 per share, and raised RMB 3,999,999,997.12. After that, National Council for Social Security fund, the People's Republic of China, began to hold a 5.32% stake in the Company, by acquiring 917,431,192 new shares in the issuance. 

Company Quote

2.53
0.06 +2.43%
16 Sep 2014