Xinyi Glass Holdings announced on 27 May 2009 that it would sell HKD 522 million (USD 66.9 million) in new shares to controlling shareholders, to raise capital for debt repayment, as well as to fund p…
Xinyi Glass Holdings announced on 27 May 2009 that it would sell HKD 522 million (USD 66.9 million) in new shares to controlling shareholders, to raise capital for debt repayment, as well as to fund production and for working capital. The company said it would sell 90 million new shares at HKD 5.80 each to controlling shareholders after the latter completed a sale of a total 170 million shares at the same price for HKD 986 million (USD 126.4 million).