Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5255)	8/2/2005 1:31:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

The China Fund, Inc. Announces its Rights Offering is Over-Subscribed Monday August 1, 9:23 am ET BOSTON, Aug. 1 /PRNewswire-FirstCall/ -- The China Fund, Inc. (NYSE: CHN - News) is pleased to announce that its rights offering, which expired on July 29, 2005 (the "Expiration Date"), was heavily over-subscribed. The subscription price for shares purchased pursuant to the offering was determined to be $26.27 per share and was accretive to net asset value. To meet shareholder demand, the Board of Directors of the Fund has approved the issuance of up to 850,000 additional shares of common stock in connection with the over- subscription privilege. The China Fund, Inc. is listed on the New York Stock Exchange under the ticker symbol "CHN." The Fund is a closed-end management investment company seeking long-term capital appreciation primarily through investments in equity securities of China companies. The Fund's investment manager is Martin Currie Inc. The Fund's direct investment manager is Asian Direct Capital Management. biz.yahoo.com