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Coastal Greenland to Finance HKD340mn via Share Allotment

January 27, 2014

SHANGHAI , January 27 , SinoCast -- Coastal Greenland proposes to allot one share to every two shares held. The company will issue 1.4 billion shares at HKD 0.25 each, representing 33.33% of expanded capital stock. The issue price is 19.35% lower than the price before trading suspension. Total financing will be HKD 348 million and net financing will be HKD 341 million , which will be used as general working capital.

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Source: Sinocast Construction & Real Estate Beat (China)

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