(Bloomberg) -- Western Mining Co., a Chinese
producer of zinc, copper and lead, raised 6.2 billion yuan
($816.4 million) from an initial public offering in Shanghai to
raise funds for expansion and pay debt.
The company, based in Xining, Qinghai, sold 460 million new
shares at 13.48 yuan each, it said in a statement today. That's
the top end of the 12 yuan to 13.48 yuan range given July 2. UBS
AG's joint venture in China, UBS Securities Co., arranged the
sale, the first in China for Europe's biggest bank by assets.
Read more at Bloomberg Emerging Markets News
producer of zinc, copper and lead, raised 6.2 billion yuan
($816.4 million) from an initial public offering in Shanghai to
raise funds for expansion and pay debt.
The company, based in Xining, Qinghai, sold 460 million new
shares at 13.48 yuan each, it said in a statement today. That's
the top end of the 12 yuan to 13.48 yuan range given July 2. UBS
AG's joint venture in China, UBS Securities Co., arranged the
sale, the first in China for Europe's biggest bank by assets.
Read more at Bloomberg Emerging Markets News
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