Changchuan raises 3.13B yuan in private placement, UBS takes largest slice

What's the deal? Changchuan TechnologyDealroom has a profile for this one. Try Dealroom → has raised 3.13 billion yuan (about $461.7 million) through a private placement of shares to select investors, the company said in a July 15 filing. It issued 11.1636 million shares at 280.11 yuan each, with net proceeds of 3.09 billion yuan.

Who took part? The placement drew 11 investors. UBSDealroom has a profile for this one. Try Dealroom → AG received the largest allocation at 1.799 billion yuan, followed by GF Fund Management at 328 million yuan and Nord Fund ManagementDealroom has a profile for this one. Try Dealroom → at 238 million yuan.

The signal: A foreign bank leading a mainland Chinese share placement points to continued institutional appetite for the country's semiconductor supply chain, even as capital markets stay selective.

Read more: Jiemian News