(Bloomberg) -- China Mining Resources Group Ltd.,
which invests in natural resources, said it may raise at least
HK$1.96 billion ($251 million) selling new shares to fund the
purchase of a metal processor.
The company will sell 1.136 billion new shares at a minimum
price of HK$1.73 each to professional and institutional
investors, it said in a statement to the Hong Kong Stock
Exchange. That would be a 20 percent discount to yesterday's
closing price of HK$2.17. Morgan Stanley was appointed as the
financial adviser for the share sale, which will be conducted
via private placement, China Mining said.
Read more at Bloomberg Emerging Markets News
which invests in natural resources, said it may raise at least
HK$1.96 billion ($251 million) selling new shares to fund the
purchase of a metal processor.
The company will sell 1.136 billion new shares at a minimum
price of HK$1.73 each to professional and institutional
investors, it said in a statement to the Hong Kong Stock
Exchange. That would be a 20 percent discount to yesterday's
closing price of HK$2.17. Morgan Stanley was appointed as the
financial adviser for the share sale, which will be conducted
via private placement, China Mining said.
Read more at Bloomberg Emerging Markets News
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