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BRIEF-Guangdong Shaoneng plans to raise up to 3.2 bln yuan in share private placement
November 16, 2015 / 10:33 AM / 2 years ago

BRIEF-Guangdong Shaoneng plans to raise up to 3.2 bln yuan in share private placement

Nov 16 (Reuters) - Guangdong Shaoneng Group Co Ltd

* Says plans to raise up to 3.2 billion yuan ($502.35 million)in private placement of shares to fund projects, replenish capital and repay bank loans

* Says shares to resume trading on November 17

Source text in Chinese: bit.ly/1NzaGeD; bit.ly/1PvySVd

Further company coverage: ($1 = 6.3700 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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