YINCHUAN, January 20 , SinoCast -- Ningxia Dayuan Chemical Co., Ltd. (SHSE: 600146) declared plans to finance CNY 2.999 billion from a private placement of 360 million shares to designated investors for CNY 8.33 per share, using CNY 1.992 billion to acquire a 99.62% stake in Hunan -based Liuyanghe Liquor Industry Company and replenish working capital of the target company for following development.
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