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Asset-liability Ratios

Asset-liability Ratios

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Cash for the king: Cheng Star shares to raise capital to buy hydropower large shareholders want money not equity
.net asset asset-liability ratios company controlling controlling shareholder data group

-This reporter Chen cash for the king.　　Cheng Star shares because of cash flow tense rather than publicly issued shares, the controlling shareholder Cheng Star Group to inject assets into the company as long as the cash not equity. Cheng Star shares (600078,SH) recently issued a board resolution, said the company intends to issue 30 million shares to 150 million shares, to raise about 1 billion yuan funds for the acquisition of the holding shareholder Cheng Star Group held a 55% stake in the Thunder Beach hydropower Station, calcium phosphate technical renovation project,　　and repayment of bank loans and supplementary liquidity. Cheng Star Group owns 26.22% of the shares ...

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