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Article: IRICO GROUP ELECTRONICS TO OFFER 540MN SHARES

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AsiaInfo Services
Article date:
September 21, 2009
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AsiaInfo Services
09-21-2009
Irico Group Electronics to Offer 540mn Shares

XIANYANG, Sep 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- Irico Group Electronics Co., Ltd. (SEHK: 0438) plans to offer no more than 540 million shares to no more than ten buyers, according to a latest financial report released by the Chinese manufacturer of color picture tube (CPT) and CPT components.

Its parent company IRICO Group Corporation will buy part of them at a price of no less than CNY 6.6 per share, for no less than CNY 1 billion in cash. Irico Group Electronics aims to additionally inject CNY 475 million into its subsidiary Shaanxi IRICO Electronics Glass Co., Ltd.

And IRICO Glass will pump CNY ...

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