News Column

Maling to Invest CNY1.1bn in Meat Food, Food Distribution

January 24, 2014

SHANGHAI , January 24 , SinoCast -- Shanghai Maling Aquarius (SHSE: 600073) intended to raise not more than CNY 1.128 billion via non-pubic share issuance to increase investments in the meat food industrial chain and food distribution. The company will issue additional 147.25 million shares to not more than 10 appointed investors at not less than CNY 7.66 a share or CNY 1.12792 billion in total. CNY 338 million of the raised capital will be used to supplement the working capital. Most of the rest will be invested in nine projects in the meat food industrial chain and food distribution.


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Source: Sinocast Consumer Products Beat (China)


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