China TransInfo Technology Corp. (OTCBB: CTFO) announced on Friday, July 18, 2008, that it had signed a deal for a private capital placement of $15 million. The provider of public transportation information systems, sold 2.59 million shares to SAIF Partners III L.P. at a price of $5.80 per share. However, the securities issued are unregistered, and thus may not be sold publicly in the United States markets. read more in hotstocked.com ...
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