LUOYANG GLASS (01108.HK) Confirms Reform, Places A-Shares to Raise Over RMB200M

LUOYANG GLASS (01108.HK)  +0.100 (+1.942%)   confirmed the disposal of China Luoyang Float Glass (Group) Company Limited (CLFG) to its controlling shareholder Luoyang Glass Group as well as the acquisition of the entire equity interest in Bengbu Company, at a consideration of RMB494 million and RMB674 million, respectively.

Upon the completion, the company proposed to place up to 32.1375 million A-shares to not more than 10 individual investors. The lowest issue price is $6.69 per share. RMB215 million will be raised.
(Quote is delayed for at least 15 mins.)