Incorporated in the Cayman Islands, Loulan is offering 100m new shares to professional and institutional investors at HK$0.50 per share. The 100m shares will represent 25% of the company’s enlarged share capital.
CHINA: Loulan seeks funds through placement
Loulan Holdings Ltd, a wine producer based in China's northwestern province of Xinjiang, is seeking to raise investment funds from a placement of shares in advance of its planned listing on the Hong Kong Stock Exchange's Growth Enterprise Market.