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Article: China In-Focus: China Architectural Engineering To Sell 17 Million Common Shares.
- Article from:
- Investrend
- Article date:
- August 10, 2009
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Aug 10, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/08/10/china-in-focus-china-architectural-engineering-to-sell-17-million-common-shares/)
August 10, 2009 (FinancialWire) -- China Architectural Engineering, Inc. (NASDAQ: CAEI) (Current Market Cap: $123.98 Mil.) said it has agreed to sell 17 million shares of its common stock at $1.65 per share to various investors under an August 6 securities purchase agreement.
The closing, which is subject to approval by CAE's shareholders, is scheduled to occur on or before September 30.
In a separate transaction, the principal stockholder of the company, ...