June 17 – Suzhou Gold Mantis Construction and Decoration (002081) announced that it has adjusted its private placement plans, reports 163.com.
Shares issued were lowered from 43.64 million yuan to 39.7 million, while its issuance price was reduced from 41.24 yuan to 33.41 yuan. Proposed proceeds totaled 1.33 billion yuan, compared to 1.8 billion yuan in the previous plan.
Gold Mantis’ investment targets, which were not specified in the report, have not changed. The firm earned 1.68 billion yuan revenues in the first quarter, up 50.24 percent year-on-year. Net profits during that period surged 102.94 percent to 116 million yuan. It predicts that net profits for the first half of 2011 will rise between 80 and 120 percent.
Gold Mantis was China’s first decoration firm to list on a stock exchange. It derives most of its revenues from interior decoration. The company has offices in Jiangsu province, Qingdao, Tianjin and Kunming.
Suzhou Gold Mantis Construction and Decoration (002081) wrapped up the trading day at 36.08 yuan per share at 15:00 today.
