Dilution Deja Vu at China Precision Steel
Aggregated Source: Seeking Alpha China stocks
November 2, 2007|
Before Thursday's market open, China Precision Steel (CPSL) announced that it sold an aggregate of 7.1 million shares of common stock to certain institutional investors at a purchase price of $6.75 per share, and 1.42 million warrants for gross proceeds of $47.92 million.
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