iRay Technology to Offer 1.17 Billion Yuan in Shares to Investors; Shares Slide 3%

MT Newswires Live

09/04

iRay Technology (SHA:688301) is looking to offer 30,032,755 shares to specific investors, according to a Thursday filing with the Shanghai bourse.

The X-ray system components manufacturer will use the 1.17 billion yuan in proceeds to construct X-ray vacuum devices.

China International Capital Corp (HKG:3908, SHA:601995) is the sponsor and lead underwriter of the issuance.

Shares slid 3% during morning trading on Thursday.

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