News Column

China State Construction Finance Money via Private Placement

May 27, 2014

BEIJING, May 27, SinoCast -- China State Construction Engineering Corporation Limited (CSCEC and SHSE: 601668) decalred plans to kick off private placement not surpassing 300 million preferred shares to at most 200 investors to finance not more than CNY 30 billion. Par value is CNY 100 and all the investors will subscribe for offered shares in cash.

Financing will be used for infrastructure construction and other investment, replenishing working capital.

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Source: Sinocast Construction & Real Estate Beat (China)

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