Oct 22 (Reuters) - China BAK Battery Inc:
* To raise $20.6 million in registered direct offering
* Says offering of 5.79 million shares priced at $3.55 per share
* Says proceeds will be used primarily to repay short term debt, capital
expenditures, general working capital
* Says proceeds to be used for repayment of short term debt, capex and general
working capital
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* To raise $20.6 million in registered direct offering
* Says offering of 5.79 million shares priced at $3.55 per share
* Says proceeds will be used primarily to repay short term debt, capital
expenditures, general working capital
* Says proceeds to be used for repayment of short term debt, capex and general
working capital
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.