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Changzheng Tiancheng to raise RMB3.68 bln via private placement

BEIJING
2015-11-23 20:56

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Guizhou Changzheng Tiancheng Holding Co. (600112.SH) announced on Monday that it planned to raise no more than 3.68 billion yuan via private placement and the raised proceeds would be invested in the building of small- and micro-enterprises financial service platform.

This is a new private placement plan, as the company has called off an old proposal put forward in March, according to the announcement. Based on the new plan, its controlling shareholder will subscribe all the shares issued via private placement. Its stock trading will resume on Tuesday.

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