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Bgrimm Materials & Technology Co Ltd to Issue A Shares in Private Placement

Tuesday, 5 Feb 2013 07:00pm EST 

Bgrimm Materials & Technology Co Ltd announced that it will issue up to 40 million A shares of common stock with par value of RMB 1 per share at RMB 9.81 per share, to up to ten investors including its controlling shareholder,Beijing General Research Institute of Mining & Metallurgy, to raise up to RMB 400 million in private placement. The fund raised will be used for the purchase of a 100% stake in a Beijing-based motor technology company. 

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