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Bgrimm Magnetic Materials & Technology adjusts private placement plan

Monday, 16 Jun 2014 08:00pm EDT 

Bgrimm Magnetic Materials & Technology Co Ltd:Amended its private placement plan of issuing up to 40 mln shares at 9.81 yuan per share, to up to ten investors including its controlling shareholder,Beijing General Research Institute of Mining & Metallurgy, to raise up to 400 million yuan in private placement.New plan is to issue up to 40 mln new shares at 11.41 yuan per share, to raise up to 400 million yuan in private placement. 

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