Article: CITYCHAMP DARTONG TO POSTPONE ADDITIONAL ISSUANCE


AsiaInfo Services
07-03-2008
Citychamp Dartong to Postpone Additional Issuance

FUZHOU, Jul 03, 2008 (SinoCast via COMTEX) -- Citychamp Dartong Co., Ltd. (SHSE: 600067), a domestic company focusing on real estate development and special enameled wire production, announces today that its additional share offering will have to be postponed, chiefly due to the continuous falling share price.

This time, the company plans to raise CNY 2 billion from its public offering of at most 120 million Chinese yuan-denominated A shares and invest in three projects. Therefore, Citychamp Dartong is required to issue more shares at not less than CNY 16.67 apiece, but it just closed at CNY 6.97 a share ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!