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Article: China Natural Gas, Inc. Closes $50 million Public Offering of Common Stock.
- Article from:
- PR Newswire
- Article date:
- September 14, 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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NEW YORK, Sept. 14 /PRNewswire-Asia/ -- China Natural Gas, Inc. ("China Natural Gas" or the "Company") , a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi'an, China, today announced that it has completed its underwritten public offering for 5,725,000 shares of its common stock at a price of $8.75 per share on September 9, 2009. The offering of shares was made pursuant to a registration statement previously filed with the Securities and Exchange Commission.
The net proceeds, after deducting underwriting discounts and commissions and the Company's roadshow travel ...
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