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Funds to buy unit |
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DataTime：2008/3/10 10:25:35 |
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SANY Heavy Industry Co, China¡¯s biggest maker of pumps for concrete, raised 1.03 billion yuan (US$136 million) by selling new shares to fund the acquisition of a unit that makes drilling equipment.
The company sold 32 million shares to 10 investors at 33 yuan each, Sany Heavy said in a statement to the Shanghai Stock Exchange yesterday. The manufacturer said in November it would sell as many as 50 million shares for the 800-million-yuan purchase. |
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