China Private Equity Investment Holdings Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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China Private Equity Investment Holdings Ltd Announces Issue of Equity
China Private Equity Investment Holdings Ltd announced the proposed placing of up to 56,250,000 new ordinary shares in the Company (Ordinary Shares) at a price of USD0.08 per share, to raise gross proceeds of up to USD4.5 million (Placing). The proceeds of the Placing will be put towards further investments in the future and to fund the Company's on-going working capital requirements. Pursuant to the Placing, the Company has currently received subscriptions for 25,000,000 new Ordinary Shares, amounting to USD2 million. Application will be made for the 25,000,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on April 19, 2013 (Admission). Following Admission, China Thrive Investments Limited will have an aggregate holding of 25,000,000 Ordinary Shares, representing 24.68% of the Company's enlarged issued share capital.
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