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North China Pharmaceutical Co Ltd Announces Change in Shareholding Structure

Wednesday, 17 Jul 2013 08:00pm EDT 

North China Pharmaceutical Co Ltd announced that Jizhong Energy Group Co., Ltd. (Jizhong Group) has signed a subscription agreement with the Company on July 17, 2013, to subscribe 250 million A shares of the Company in private placement at RMB 4.53 per share. After the subscription, Jizhong Group's stake in the Company will increase from 25.39% to 36.84%, while its indirect holdings in the Company through its wholly owned subsidiary, North China Pharmaceutical Group Corporation, will decrease from 20.80% to 17.61%. Thus Jizhong Group's total holdings in the Company will increase from 46.19% to 54.45%. 

Company Quote

-0.8 -6.62%
11:23pm EDT