By Lee Spears
Dec. 14 (Bloomberg) -- Beijing Yanjing Brewery Co., China's third-biggest brewer, raised 1.12 billion yuan ($164 million) in a private share sale, the company said in a statement to the Shenzhen stock exchange.
The company sold 110 million new shares at 10.20 yuan apiece, a 21 percent discount to the stock's closing price on Dec. 12. The proceeds will be used to finance production expansion.
Yanjing Brewery's parent bought 88.3 million shares, and three investment companies bought the remainder, the statement said.
To contact the reporter on this story: Lee Spears in Beijing at lspears2@bloomberg.net.
Sunday, December 14, 2008
Yanjing Brewery Raises 1.12 Billion Yuan in Private Share Sale
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment