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Shaanxi Construction Machinery Co Ltd Completes Private Placement


Thursday, 20 Jun 2013 08:00pm EDT 

Shaanxi Construction Machinery Co Ltd announced that it has completed its private placement of 100 million A shares of common stock with par value of RMB 1 per share at RMB 5.23 per share to a Shaanxi-based construction machinery group company. The Company has raised RMB 523,000,000.00 in total. As a result, the Shaanxi-based group company has increased its stake in the Company from 24.95% (35,312,883 shares) to 56.02% (135,312,883 shares), and China Huarong Asset Management Co., Ltd. has its stake decreased from 12.96% (18,352,033 shares) to 7.60% (18,352,033 shares). Huaxi Securities served as the main underwriter. 

Company Quote

6.39
0.29 +4.75%
2:59am EDT