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Tibet Tourism : private placement plan OK'd by CSRC

BEIJING
2015-11-27 15:06

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Tibet Tourism (600749.SH) said on Friday that its private placement plan was approved by the China Securities Regulatory Commission (CSRC), the top securities regulator.

According to its earlier filing to the stock exchange, Tibet Tourism plans to issue the shares at a price of 10.21 yuan/share to raise maximum 560 million yuan, which will be used to repay bank loans and replenish its working capital.

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