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BRIEF-Jiangsu Asia-pacific Light Alloy Technology raises 1.48 bln yuan in shares private placement
November 22, 2017 / 8:33 AM / 22 days ago

BRIEF-Jiangsu Asia-pacific Light Alloy Technology raises 1.48 bln yuan in shares private placement

Nov 22 (Reuters) - Jiangsu Asia-pacific Light Alloy Technology Co Ltd :

* Says it issued 230.5 million new shares via private placement and raised 1.48 billion yuan in total

* Co’s top shareholder Zhou Fuhai’s stake has been diluted to 39.07 percent

* Individual Xiang Hongwei raised stake in co to 4.29 percent

* A Wuxi-based buyout investment LP raised stake in co to 3.09 percent

Source text in Chinese: goo.gl/8CnPUK

Further company coverage: (Beijing Headline News)

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