January 16, 2018 / 10:06 AM / in 9 months

BRIEF-Hangzhou Silan Microelectronics raises 732 mln yuan via private placement

Jan 16(Reuters) - Hangzhou Silan Microelectronics Co Ltd

* Says co issues 64.9 million shares at 11.28 yuan per share and raises 732 million yuan in total via private placement

* Says co’s top shareholder, a Hangzhou-based firm’s stake in the co is diluted to 39.14 percent (513.5 million shares) from 41.17 percent (513.5 million shares)

Source text in Chinese: goo.gl/yCeWXh

Further company coverage: (Beijing Headline News)

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