16th Sep 2016 15:47
LONDON (Alliance News) - Pharmaceutical ingredients and traditional Chinese medicines producer Taihua PLC on Friday said it has received valid acceptances in respect of 2.3 million shares in its open offer.
In addition, Chinese entrepreneur Tao Ji, who is currently vice-general manager of Changzhou Shiweiya Trading Co Ltd, has applied for the allotment of 20.6 million shares. Following this, Ji now holds a 27% stake in Taihua.
The 22.9 million shares were issued at 2.63 pence each, raising GBP602,567.
Shares in Taihua were untraded on Friday, last quoted at 2.34 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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