The world's largest quayside crane maker Shanghai Zhenhua Port Machinery Co announced that it has obtained preliminary approval from the China Securities Regulatory Commission (CSRC) to issue new A-shares via a private placement.
Shanghai Zhenhua will release detailed information after it receives a formal approval notice from the securities regulator, said the company in a statement filed with the Shanghai Stock Exchange, without providing further details on the share offering.
In September, the company said it would sell about 170 million shares to its shareholder, China Communications Construction Co Ltd<1800> via a share placement, at a price of RMB 17.78 apiece, or RMB 3.02 billion in total, China Knowledge reported earlier.
A-shares of Shanghai Zhenhua edged down 0.24% to close at RMB 8.23 on Thursday.
Shanghai Zhenhua will release detailed information after it receives a formal approval notice from the securities regulator, said the company in a statement filed with the Shanghai Stock Exchange, without providing further details on the share offering.
In September, the company said it would sell about 170 million shares to its shareholder, China Communications Construction Co Ltd<1800> via a share placement, at a price of RMB 17.78 apiece, or RMB 3.02 billion in total, China Knowledge reported earlier.
A-shares of Shanghai Zhenhua edged down 0.24% to close at RMB 8.23 on Thursday.