United Kingdom

Hebei Baoshuo to issue shares for stake acquisition and fund raising

Saturday, 26 Mar 2016 

Hebei Baoshuo Co Ltd:To issue 753,332,800 shares at 10.29 yuan per share, to 17 companies in exchange for 100 pct stake in Huachuang Securities.Transaction price is 7,751,794,100 yuan.To issue 576,208,200 shares at 13.45 yuan per share through private placement, to raise up to 7,750 mln yuan.Proceeds will be used for the stake acquisition and business integration. 

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