Shandong Luyang raises RMB 350 mln via new share issuance
Published: 27 Sep 2009 21:56:35 PSTSep. 28, 2009 (China Knowledge) - Shandong Luyang Share Co Ltd<002088>, a ceramic fiber producer based in Shandong Province, announced on Sunday that it raised RMB 350 million via a public share issuance. The Shenzhen-listed company sold 19.21 million new shares in the deal, said the firm in a statement. The proceeds will be used to fund the development of five plants, of which three are in operation and two are under construction, according to an earlier report from China Knowledge. Shandong Luyang reported a profit attributable to shareholders of RMB 60.67 million for the first half of this year, a decline of 8.83% from RMB 66.55 million in the same period of last year. Copyright © 2009 www.chinaknowledge.com |
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