Jiangsu Huaxicun Co., Ltd. announced that it expects to receive CNY 1.3 billion in funding
June 20, 2016
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Jiangsu Huaxicun Co., Ltd. (SZSE:000936) announced a private placement of up to 165,184,243 A shares at a price not less than CNY 7.87 per share for gross proceeds of up to CNY 1,299,999,992.41 on June 21, 2016. The transaction will include participation from not more than 10 specific investors. Shares being issued are subject to a hold period of 12 months from the closing date of issue. The transaction was approved at its 12th session of the 6th supervisory board meeting and its 20th session of the 6th directorate meeting.
JIANGSU HUAXICUN CO.,LTD. is a China-based company principally engaged in the research, development, production and sale of textile chemical fiber products. The Company operates through three business segments. Polyester Fiber segment mainly provides polyester staple fibers. Petrochemical Warehousing and Logistics segment mainly provides terminal loading and unloading, warehousing, barging transit and pipeline transportation services for liquid chemicals. Investment segment is mainly involved in merger and acquisition investment, venture capital, asset management and strategic investment. The Company operates its business in domestic market.
JIANGSU HUAXICUN CO.,LTD. 
