Zhuzhou Times New Material Tech mulls Private Placement

China Private Placement – Zhuzhou Times New Material Tech Co Ltdplans to issue up to 60 million shares to not more than 10 institutional and individual investors, according to a company statement.

Zhuzhou Times New Material Tech hopes to raise over RMB 800 million from the share issuance, and half of the proceeds will be used to invest in wind blade projects, according to the firm’s filing with the Shanghai Stock Exchange (SSE).

The firm’s parent China South Locomotive & Rolling Stock Co Ltd (CSR)<601766><1766>, the country’s largest manufacturer of rail vehicles, said it will subscribe at least 40% of the new shares in cash through its subsidiary.

Zhuzhou Times New Material Tech’s planned wind blade project involves a total investment of RMB 420 million. RMB 350 million raised through share issuance will be used as fixed capital investment, and the firm will use its bank loans to replenish the project’s working capital, according to Ji Xiaokang, secretary of the board of the firm.

The private placement plan is still subject to the approval from its shareholders and the China Securities Regulatory Commission (CSRC).

CSR holds a 38.46% stake in Zhuzhou Times New Material Tech through a subsidiary in Zhuzhou City, Hunan Province.
http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=24461

About PPM

PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

PPM.co’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• China Private Placement
• Real Estate Private Placement
• Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Technology Private Placement Memorandum Writing
• China Private Placement Memorandum Writing
• Real estate Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing
• Equity Private Placement Memorandum Writing