Haikou Agriculture and Industry and Trade Louniushan (000735) announced in a company filing that it will subscribe another 51.55 million shares of Haikou Cooperative Association at 1.6 yuan per share for 82.48 million yuan, reports stcn.com.
Following the transaction, the listed company will have a total of 101.55 million shares of the Cooperative Association, accounting for 10 percent of post-capital injection total equity.
It also plans to invest a maximum of 80 million yuan into 14 other cooperative associations.
SOURCE: capitalvue.com
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