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TMCNet:  Yonyou Software: Non-public Offering Plan Approved by CSRC

[October 16, 2012]

Yonyou Software: Non-public Offering Plan Approved by CSRC

BEIJING, Oct 16, 2012 (SinoCast Daily Business Beat via COMTEX) -- Yonyou Software Co., Ltd. (SHSE: 600588) announced that it on October 15 received an approval from the CSRC (China Securities Regulatory Commission) that allows the company to issue 138 million new shares in private placement.

The approval will remain effective within six months since the approval date. The board of directors will manage corresponding issues for the non-public offering of shares in accordance with the requirement of the approval and the authorization of the general meeting of stockholders.

Source: www.stcn.com (October 16, 2012)

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