December 20, 2017 / 7:19 AM / a month ago

BRIEF-Ninestar raises 1.43 bln yuan via private placement

Dec 20(Reuters) - Ninestar Corp

* Says it issues 51.6 million shares and raises 1.43 billion yuan in total (27.74 yuan per share) via private placement

* Says top shareholder, a printing technology firm’s stake in the co is diluted to 65.4 percent (695.4 million shares) from 68.7 percent (695.4 million shares)

Source text in Chinese: goo.gl/gfSvwr

Further company coverage: (Beijing Headline News)

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