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Article: China Architectural Engineering Announces Agreement to Sell Common Stock.
- Article from:
- PR Newswire
- Article date:
- August 7, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Majority of Proceeds to Develop Nine Dragon Resort -
ZHUHAI, China and LOS ANGELES, Aug. 7 /PRNewswire-Asia/ -- China Architectural Engineering, Inc. ("CAE" or the "Company") , a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced that it has agreed to sell 17 million shares of its common stock at a price of $1.65 per share to certain qualified investors pursuant to a Securities Purchase Agreement dated August 6, 2009. The closing, which is subject to approval by CAE's shareholders, is anticipated to occur on or before September 30, 2009. Concurrently with the execution of the Securities ...