Youngor invests in Huaxin private placement, China

Youngor invests in Huaxin private placement, China
Published: 11 November 2011

Youngor Group Co Ltd said on November 11th that its wholly-owned investment subsidiary spent CNY400m buying shares issued by Huaxin Cement Co Ltd in a private placement.

The subsidiary purchased 28.59 million shares in Huaxin Cement at RMB 14.01 apiece. The shares bought account for 3.06% of Huaxin Cement’s enlarged share capital.

The
Youngor Group is principally engaged in the production of apparel and knitted products as well as property development.