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May 4, 2011

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Private placement

CHINA CSSC Holdings Ltd plans to raise at most 60 million shares via a private placement, the company said in a filing to the Shanghai Stock Exchange yesterday.

It could raise 4 billion yuan (US$612 million) based on an issuing price of at least 66.33 yuan each. The company will hold a shareholder meeting on the plan next Tuesday.

 

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