China Business News: LiJiang YuLong Tourism to raise RMB 202 mln

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LiJiang YuLong Tourism to raise RMB 202 mln

Jul. 2, 2009 (China Knowledge) - LiJiang YuLong Tourism Co<002033>, which is based in Lijiang, Yunnan Province, has announced that it plans a private placement of 17 million shares with a local tourism firm for RMB 202 million or RMB 11.91 apiece on average, sources reported. The Shenzhen-listed company will use the proceeds of the issuance to pay back RMB 160 million in loans and to replen

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