Xinyi Glass sells $67 mln in new shares to repay debt

Date: 29 May 2009

HONG KONG, May 27 (Reuters) - Xinyi Glass Holdings (0868.HK) on Wednesday said it would sell HK$522 million ($66.9 million) in new shares to controlling shareholders, raising capital for debt repayment, to fund production and for working capital.he company said it would sell 90 million new shares at HK$5.80 each to controlling shareholders after the shareholders completed a sale of a total 170 million shares at the same price for HK$986 million ($126.4 million).The issue price represented a 7.6 percent discount to its last closing price of HK$6.28 on Tuesday.Read the full story.

HONG KONG, May 27 (Reuters) - Xinyi Glass Holdings (0868.HK) on Wednesday said it would sell HK$522 million ($66.9 million) in new shares to controlling shareholders, raising capital for debt repayment, to fund production and for working capital.

he company said it would sell 90 million new shares at HK$5.80 each to controlling shareholders after the shareholders completed a sale of a total 170 million shares at the same price for HK$986 million ($126.4 million).

The issue price represented a 7.6 percent discount to its last closing price of HK$6.28 on Tuesday.

Read the full story.

600450 Xinyi Glass sells $67 mln in new shares to repay debt glassonweb.com

See more news about:

Others also read

Tianjin NorthGlass has created a super-thick curtain wall glass with polymer material net for the Wellington Convention Center.
STRON showcases latest innovations in glass cutting technology at the 32nd China Glass Exhibition
NorthGlass Triturbo-fan Technology Co., Ltd. and Xi 'an Xuanwa Group Sign Strategic Cooperation Agreement to Promote Energy Saving Transformation
NorthGlass' innovative glass facade - Huawei Flagship Store · Nanchang MIXC opens
STRON offered complete solutions for glass cutting equipment at ZAK Glass Technology Expo in New Delhi.
Under the incentive of this honor, NorthGlass will continue to focus on technological innovation, quality improvement and brand building.

Add new comment

From industry