Sep. 26, 2012 (China Knowledge) - Beijing
Jingxi Tourism Development Co<000802
>, which is principally engaged in the development of tour projects and the tourism information consulting, as well as the provision of related hotel and restaurant services, has announced its plan to raise no more than RMB 1.28 billion through a private placement.
According to a statement, the Shenzhen-listed
company said it will issue up to 152 million A- shares with a price of RMB 8.39 per share to four investors, including its controlling shareholder China Wallink Holding Group Co Ltd.
Proceeds from the issue will be used to purchase a hotel company.
In the first half of this year, Beijing Jingxi Tourism Development realized RMB 9.33 million in net profit attributable to shareholders, 61.99% more than in the corresponding period of last year.