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Article: China Infrastructure Construction Completes USD$10 Million Financing.
- Article from:
- China Weekly News
- Article date:
- November 3, 2009
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China Infrastructure Construction Corporation (BULLETIN BOARD: CHNC) , one of the major U.S.-listed providers of ready-mix concrete in Beijing, completed a USD$10 million equity offering on October 16, 2009. "This financing was twice as large as originally planned, and will allow us to build on our strength as one of Beijing's major ready-mix concrete suppliers," said CHNC Chairman and Founder Yang Rong. "We are pleased to complete our first-ever external fundraising in the U.S. capital markets, and will continue our expansion in North East China," Chairman Yang added.
Led by institutional investors in Asia and North America, the CHNC private placement offering ...