Liugong Machinery to Raise Up to 3 Billion Yuan in Placement

Aug. 20 (Bloomberg) -- Guangxi Liugong Machinery Co. plans to raise as much as 3 billion yuan via the placement of as many as 150 million shares, according to a statement to Shenzhen’s stock exchange.

The company will sell the shares for no less than 20.61 yuan each, according to the statement.

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