Thursday, May 8, 2014

Inner Mongolia Yitai Coal : Yitai Coal Plans to purchase USD190mn B Shares

HONG KONG, May 8, SinoCast -- Inner Mongolia Yitai Coal Co., Ltd. (SEHK: 3948) plans to continue purchasing its B shares for not more than USD 3.5 each within six months starting from May 8 through the Shanghai bourse. Total injection will be USD 190 million at most. B shares purchased will account for not more than 1.7% of the total capital stake.

Before the purchase, it directly controlled 312 million such shares, accounting for 9.5882% of the total capital stock. Inner Mongolia Yitai Group directly and indirectly held about 1.91 billion such shares, accounting for 58.76% of the total capital stock.

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