20 May 2019

Hainan Zhenghe eyes 3.12 bln yuan from placement, filing says

Hainan Zhenghe Industrial Group Co. Ltd. (600759.CN) plans to issue 520 million new shares at 6 yuan (98 US cents) each in a private placement, according to a regulatory filing Wednesday. The proceeds, estimated at 3.12 billion yuan, will be used to fund its acquisition of a 95 percent stake in Kazakhstan oil producer Maten Petroleum Joint Stock Co. as part of a global expansion plan, the filing said.

– Contact HKEJ at [email protected]



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