Tianjin Capital Environmental plans to issue 34 mln new shares

Chen Yinxing, director of Tianjin Capital Environmental Protection Company, said while being interviewed that if the strategic investment talks were successful, it would sell extra 10% shares. Tianjin Capital Environmental Protection Company had appointed Anyong as financial consultant of issuing 34 mln new shares. Based on the closing price of HK$2.175 at midday, its market value was HK$73.95 mln, said Mr Chen. He also claimed that the company was now in talks with several investors, who intended to enter the interest of the company, while the talks were still in initial stage, said he, adding the company had been looking for low-cost financing ways.

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