Changfeng Motors plans 900 mln yuan placement

Newswire

SHANGHAI, May 28 (Reuters) - China's Hunan Changfeng Motors Co , owned 16 percent by Mitsubishi Motors Corp , said on Wednesday it planned to raise about 900 million yuan ($129 million) via a share placement. The small Chinese SUV and pick-up truck maker said it would issue up to 100 million new shares, or nearly 20 percent of its expanded share capital, to as many as 10 institutional investors such as asset management firms and securities houses. The shares will be issued at no less ...

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