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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Industrial Securities Co Ltd Completes Private Placement

Thursday, 9 May 2013 08:00pm EDT 

Industrial Securities Co Ltd announced that it has completed its private placement of 400 million A shares of common stock at RMB 9.88 per share, and raised RMB 3,952,000,000.00. After that, the Company's largest shareholder, Fujian Provincial Department of Finance, which subscribed no share in the issuance, decreased its holdings in the Company from 23.73% to 20.08%.