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BRIEF-Victory Giant Technology HuiZhou raises 1.08 bln yuan via private placement
August 21, 2017 / 5:35 AM / 2 months ago

BRIEF-Victory Giant Technology HuiZhou raises 1.08 bln yuan via private placement

Aug 21(Reuters) - Victory Giant Technology HuiZhou Co Ltd

* Says it issues 52.9 million shares and raises 1.08 billion yuan in total via private placement

* Says its top shareholder, a Shenzhen-based investment firm’s stake in the co was diluted to 23.77 percent from 27.12 percent

* Says Nanjing-based limited partnership raises stake in the co to 7.44 percent, up from 0 percent

Source text in Chinese: goo.gl/Emz7Tn

Further company coverage: (Beijing Headline News)

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