Jidong Cement completes private bond placement, China

Jidong Cement completes private bond placement, China
Published: 01 February 2012

Tagged Under: China 

Tangshan Jidong Cement announced today that it has finished a CNY1.91bn (US$302.8m) private placement to a Hong Kong-based investment company, China Business Newswire reports.

Tangshan Jidong Cement Co issued more than 134.75 million new shares to the Hong Kong company at RMB 14.21 apiece. The shares account for 10% of Tangshan Jidong Cement Co's enlarged share capital.