China: Shanshui Cement to raise HK$456m from placing

China: Shanshui Cement to raise HK$456m from placing
Published: 07 October 2016


Shanshui Cement announced that it has entered into a placement agreement, proposing the placing of 910-950m new shares at a price not less than HK$0.5/share. This placing price represents a 92.1 per cent discount when compared to its closing price of HK$6.29 (US$0.81).

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