Gansu Cement to raise RMB1.68bn via rights issue

Gansu Cement to raise RMB1.68bn via rights issue
22 November 2012


Gansu Qilianshan Cement Group Co plans to raise up to RMB1.68bn via a rights issue.

The company will sell 142m shares to its shareholders at a ratio of three new shares for every 10 held at RMB6.26/share.

Proceeds from the issue will be used to repay bank loans and replenish working capital.

Published under Cement News