ChinaScholars Group Co., Ltd. (SZSE:000547) announced a private placement of 41,237,113 shares at CNY 3.88 per share for gross proceeds of CNY 160,000,000 on October 25, 2013. The transaction will involve participation from Xinjiang-based equity investment company.
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- News Addsino Co., Ltd.
- ChinaScholars Group Co., Ltd announced that it expects to receive CNY 160 million in funding.