Green Dragon Gas Announces USD 102.8 million Share Placement

AIM listed Green Dragon Gas Ltd., one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, is pleased to announce that it has raised USD 102.8 million (before expenses) through the issuance of 8.8 million new ordinary shares to institutional funds. The new shares were placed by CLSA Limited at USD 11.68 per share.
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Source: Press release