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Yunnan Aluminuim's additional grand of share conditional approved by SFC
- China Aluminium Network
- Post Time: 2009/7/9
- Click Amount: 522
Yunnan Aluminuim's additional grand of share has been conditional approved by SFC, the company's share will restore transaction in July 9, the total number of the A-share will not exceeding two hundred million, and the issue price will not less than 6.31 yuan / share. the collected fund will be used for the construction of an annual output of 800,000 tons of alumina projects.
July 9 the company announces that the company's additional grand of share has been conditional approved by SFC. And its share will restore transaction in July 9
According to the data, companies to develop the additional shares not exceeding 20,000 shares, of which, the total number of the A-share will not exceeding two hundred million, while 50% of them will be subscribed by the company's controlling shareholder Yunnan Metallurgical Group Co., Ltd. in cash the non-public offering price will not less than 6.31 yuan / share, raising not exceeding 120,000 yuan. The issue of fund-raising will be used for capital increase of Yunnan Wenshan Aluminum Co., Ltd., which will be used for the construction of an annual output of 800,000 tons of alumina projects.
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