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Hubei Energy to Raise Up 3.25 Billion Yuan in Private Placement

Hubei Energy Group Co. plans to raise as much as 3.25 billion yuan in a private placement of as many as 443.5 million shares to fund wind power and gas pipeline projects, according to a statement from the Chinese company to Shenzhen’s stock exchange.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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