Shanxi Coking To Raise 1.71B Yuan From Private Placement


September 8 -- Shanxi Coking  filed it will raise 1.71 billion yuan from private placement of 200 million shares at 12.03 yuan per share, reports The move will fund a coke dry quenching program, a 150 ton-per-hour coke dry-quenching upgrade program, a 200,000 ton-per-year methanol capacity expansion and upgrade program, a waste water treatment project, and the repayment of bank loans.

China AMC Large-cap Select Fund  and China AMC Strategy Select Fund managed by Wang Yawei held 18 million shares of Shanxi Coking through the end of the first quarter this year as the second- and third-largest shareholder. But in the company’s interim report, the two funds disappeared from the list of top 10 shareholders.



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