December 20, 2017 / 6:54 AM / a month ago

BRIEF-Zhejiang Nhu raises 4.9 bln yuan via private placement

Dec 20(Reuters) - Zhejiang Nhu Co Ltd

* Says co issues 175 million shares and raises 4.9 billion yuan in total via private placement

* Says top shareholder’s stake in the co is diluted to 48.6 percent (613.7 million shares) from 56.4 percent (613.7 million shares)

Source text in Chinese: goo.gl/CGt4kS

Further company coverage: (Beijing Headline News)

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