Jiayou International Logistics Unit to Receive 300 Million Yuan Investment

MT Newswires Live

11/28

Jiayou International Logistics (SHA:603871) unit China-Africa International Logistics Investment will issue 3 million preferred shares at 100 yuan each to China-Africa Development Fund.

The issuance comes after Jiayou's board of directors approved the subscription.

The total subscription amount is 300 million yuan, according to a Friday filing with the Shanghai Stock Exchange.

Shares closed 2% higher on Friday.

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