Greater China
JES International to sell 50m new shares
Shanghai: Chinese shipbuilder JES International announced that the company has entered into a placement agreement with subscribers for the subscription of 50m new shares on the Singapore Exchange.
All the subscribers will make a total cash payment of S$7.23m for the subscription.
The placement will help strengthen the capital base of the company, as well as fund its growth and expansion, the company said in a statement. [05/03/14]