Youngor invests in Huaxin private placement, China
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.
