Do & Shuihua Group Co., Ltd. Class ASZSE: 002798

DO&SHUIHUA Plans To Raise Funds Via Private Placement

· Issued by Do & Shuihua Group Co., Ltd. Class A

DO&SHUIHUA Group Co Ltd SZSE:002798:

  • SAYS IT PLANS TO RAISE UP TO 360 MILLION YUAN ($50.54 million) VIA A-SHARE PRIVATE PLACEMENT TO REPLENISH CAPITAL, REPAY DEBT

($1 = 7.1230 Chinese yuan renminbi)