Entertainment firm China Yida has closed its registered direct offering, raising an aggregate amount of US$26.3m.
Newbridge Securities Corporation acted as exclusive placement agent in connection with the offering.
Shares were offered at a price of…
Entertainment firm China Yida has closed its registered direct offering, raising an aggregate amount of US$26.3m.
Newbridge Securities Corporation acted as exclusive placement agent in connection with the offering.
Shares were offered at a price of US$11.50 per share and Nasdaq-listed Yida will use the proceeds for working capital and general corporate purposes.
China Yida is a diversified entertainment firm focused on China’s fast-growing media and tourism industries.