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Guangdong Yihua Timber Industry Co Ltd updates on details for right issue


Wednesday, 12 Feb 2014 07:00pm EST 

Guangdong Yihua Timber Industry Co Ltd:Says to issue 345,798,815 shares of common stock at 4.03 yuan per share to its existing shareholders, who are eligible to purchase three new shares for every 10 shares they hold.Says to raise up to 1,400 million yuan through the rights issue.Says GF Securities Co., Ltd. and Guangzhou Securities Co., Ltd. will be the co-underwriters.Says payment period is from Feb. 18 to Feb. 24.Says proceeds to be used for loan repayment and business operation. 

Company Quote

5.55
-0.14 -2.46%
21 Oct 2014