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603985 - Jiangyin Hengrun Heavy Industries Co News Story

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BRIEF-Jiangyin Hengrun Heavy Industries Plans Share Issue To Fund Wind Turbine Equipment Projects

Tue 26th January, 2021 2:09pm
Jan 26 (Reuters) - Jiangyin Hengrun Heavy Industries Co Ltd
 603985.SS :
    * SAYS IT AIMS TO RAISE UP TO 1.6 BILLION YUAN  ($247.59
million)
IN PRIVATE PLACEMENT OF SHARES TO FUND PROJECTS OF WIND TURBINE
EQUIPMENT
    * SAYS JINING CHENGTOU HOLDING GROUP CO LTD WILL OWN 27.7%
STAKE
IN THE COMPANY AFTER THE SHARE ISSUE
    * SAYS JINING CHENGTOU HOLDING GROUP PLANS TO RAISE ITS
HOLDINGS
IN THE COMPANY TO 29-30%

Source text in Chinese: https://bit.ly/2KOxv9Y ;
https://bit.ly/3qTQD5P
Further company coverage:  603985.SS 

($1 = 6.4623 Chinese yuan renminbi)

 (Reporting by Hong Kong newsroom)
 ((meg.shen@thomsonreuters.com; 852-39525805;))
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