China Business News: China United Travel to raise RMB 393.6 mln for 4 projects

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China United Travel to raise RMB 393.6 mln for 4 projects

Jul. 16, 2009 (China Knowledge) - China United Travel Co Ltd<600358>, a subsidiary of China International Travel Service Ltd, today announced that it plans to issue between 50 million and 80 million shares at prices not less than RMB 4.92 apiece to raise up to RMB 393.6 million, sources reported. The proceeds from the private issuance will partly be used to develop four tourism projects in

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