Brewer raises funds

2008-12-15  |     NEWSPAPER EDITION

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BEIJING Yanjing Brewery Co, China's third-biggest brewer, raised 1.12 billion yuan (US$164 million) in a private share sale, the company said in a statement to the Shenzhen Stock Exchange over the weekend.

The company sold 110 million new shares at 10.20 yuan apiece, a 21-percent discount to the stock's closing price last Friday. The funds will finance output expansion.


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