By Sheri Kasprzak
New York, Sept. 19 - China Housing & Land Development, Inc. settled a $2 million private placement.
The company issued 615,385 shares at $3.25 each to a group of institutional investors.
The investors also received warrants in the deal, but the number of warrants was not immediately available.
New York Global Securities, Inc. was the placement agent.
The company settled a similar offering on July 6, selling 330,769 shares at the same price. New York Global was the placement agent for that deal as well.
Based in Shaanxi, China, China Housing is a real estate development company focused on properties in China.
| Issuer: | China Housing & Land Development, Inc.
|
| Issue: | Stock
|
| Amount: | $2 million
|
| Shares: | 615,385
|
| Price: | $3.25
|
| Warrants: | Undetermined number
|
| Placement agent: | New York Global Securities, Inc.
|
| Settlement date: | Sept. 19
|
| Stock symbol: | OTCBB: CHLN
|
| Stock price: | $2.90 at close Sept. 18
|
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