Lvmama: NEEQ-Listed Lvmama Operator Raises $150M From Private Share Placement

The parent company of Chinese travel service provider Lvmama has raised as much as RMB1 billion (US$150 million) via a private share placement to a number of Chinese investors, as the company continues to suffer from expanding losses. Nanjing Fullshare Industrial Holding Group led the investment, buying RMB700 million worth of shares at RMB61.05 a [...]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.