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Plastics Capital PLC Acquires Beijing Higher Shengli Printing Science And Technology Co., Ltd; Announces Conditional Placing of 2,700,000 Ordinary Shares

Thursday, 31 Oct 2013 03:10am EDT 

Plastics Capital PLC announced that it has conditionally agreed to acquire Beijing Higher Shengli Printing Science and Technology Co., Ltd (Shengli), a Chinese manufacturer of creasing matrix. The acquisition is to be satisfied in cash through the issue of 2,700,000 new Ordinary Shares to new and existing investors in the Company to raise GBP2.7 million at a placing price of 100 pence representing a discount of 8.7% to the closing mid-price on October 30, 2013. 

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1 May 2015