Zhejiang Glass selling $48 million of shares

Zhejiang Glass Co Ltd (0739.HK: Quote, Profile, Research) was selling as much as $48 million worth of shares at a 7.8 percent to 14.2 percent discount to the firm's closing price on Wednesday, according to a document sent to investors on Thursday.

The company was selling 57.7 million H-shares, or 18 percent of its existing H-share capital, at a price range of HK$6.05 to HK$6.50 per share, in a deal handled by Cazenove Asia.

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600450 Zhejiang Glass selling $48 million of shares glassonweb.com
Date: 2 June 2008
Source: Reuters

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