China’s NSSF Buys Private Placement Shares in GD Power Development Co Ltd

Posted on 12/14/2012


China’s National Social Security Fund (NSSF) will purchase 2 billion yuan (US$ 317.98 million) worth of A shares of common stock in GD Power Development Co Ltd in a private placement. The NSSF will purchase 50% of the company’s newly issued shares. The NSSF will have a 5.32% stake in the company, allowing the NSSF […]