Wuhan Langold to list on Shenzhen Stock Exchange today
Published: 05 Nov 2009 19:42:28 PST
Nov. 6, 2009 (China Knowledge) - Mainland property developer Wuhan Langold Real Estate Co Ltd<002305> will make its debut on the Shenzhen Stock Exchange today. The Wuhan-based property developer raised as much as RMB 590.4 million by issuing 48 million shares at RMB 12.3 apiece earlier. Ping An Securities Co Ltd was the underwriter for the share offering. After the sale, the firm's total share capital reached 480 million shares, with net asset value per share standing at RMB 2.59. Proceeds from the IPO will be used to fund the company's property projects which involve investment totaling RMB 380 million. Founded in 1998, Wuhan Langold posted net profit of RMB 161 million in 2008, and its basic earnings per share were RMB 0.37 during the period. Copyright © 2009 www.chinaknowledge.com |
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