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Dow Jones Newswires – DJ Origo Partners Completes Placing Of 57.76M Shares, Raising $32.5MDow Jones Newswires – DJ Origo Partners Completes Placing Of 57.76M Shares, Raising $32.5M

 

LONDON (Dow Jones)–Private equity investor Origo Partners PLC (OPP.LN) said Tuesday it has now raised $32.5 million via a placing of 57.76 million new ordinary shares at 36 pence per share.

MAIN FACTS:

-Origo said earlier Tuesday the net proceeds will be invested in Renminbi funds in conjunction with the Chinese government and new identified investment opportunities.

-Placing was conducted through a book-building process by Liberum Capital Ltd., which is acting as broker in relation to the placing.

-Shares at 1315 GMT down 0.7% at 34.75 pence valuing the company at GBP105.78 million.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com