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China Aerospace Times Electronics Co Ltd Announces Rights Issuance


Tuesday, 21 May 2013 08:00pm EDT 

China Aerospace Times Electronics Co Ltd announced that it will issue 243,312,235 A shares of common stock with par value of RMB 1.00 per share at RMB 6.01 per share to its existing shareholders, who are eligible to purchase three new shares for every 10 shares they hold. The Company aims to raise up to RMB 1,500 million through the rights issue. Sinoline Securities will serve as the underwriter. The proceeds will be used for investment in projects. 

Company Quote

10.87
-0.05 -0.46%
1:29am EDT