Chinese telecommunications equipment maker ZTE announced on Thursday plans to raise 11,51 billion yuan ($1,7 billion) through a private placement of A shares. capital.
A total of 381,098 million A shares, or 8,27% of the total issued shares, are expected to be issued after the completion of the transaction, which will be sold to independent third-party investors at 30,21 yuan per share. This offer carries an 18,2% discount on ZTE's share price of 36,92 yuan at the Shenzhen Stock Exchange (SZSE) close on Wednesday.
Source: 3dnews.ru