Lowers minimum share price

2008-10-30  |     NEWSPAPER EDITION

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BEIJING Yanjing Brewery Co, China's third-biggest brewer, yesterday lowered the minimum price for shares the company plans to sell, the second reduction this year.

The company plans to sell as many as 110 million shares at no less than 10 yuan (US$1.46) each in a private offer, it said in a statement to the Shenzhen Stock Exchange yesterday.

The plan, aimed to finance production expansion, was first announced in January. Yanjing in May said it planned to sell shares for no less than 17.88 yuan apiece, after saying in January it intended to place as many as 86 million shares for at least 20.95 yuan each.


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