Beijing Global Safety Technology Co Ltd SZSE:300523:
SAYS TRADING IN CO SHARES TO RESUME FROM DEC 3
SAYS HEFEI'S STATE ASSET ADMINISTRATOR EXPECTED TO BECOME CO ACTUAL CONTROLLER
SAYS IT PLANS TO RAISE UP TO 1.4 BILLION YUAN ($198.00 million) VIA A-SHARE PRIVATE PLACEMENT TO FUND PROJECTS, REPLENISH CAPITAL, REPAY DEBT
($1 = 7.0707 Chinese yuan renminbi)