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AllBright Advises Hualing Xingma on Private Placement Re-Launch
AllBright Advises Hualing Xingma on Private Placement Re-Launch
2013-07-107696On July 10, 2013, Hualing Xingma Automobile (Group) Co Ltd (ticker symbol: SH600375), advised by AllBright, successfully launched a private placement in Shanghai.
Hualing Xingma issued a total of 150 million shares to eight institutional investors through the private placement to raise 1.2 billion yuan (US$194 million).
AllBright Partner Xu Jun led a team composed of lawyers including Associate Tommy Li to provide Hualing Xingma with professional legal services for the transaction.
