Sep 08, 2021 07:26 PM (GMT+8) · EqualOcean
Financial Associated Press, September 8 - Shanghai Yilian announced that the offering is a non-public offering for specific objects. The issuing object is Hangzhou zhefa Yilian business management partnership (limited partnership), the controlling shareholder of the company. The issuing object subscribes the shares of the company's non-public offering in cash. The price of the non-public offering is 5.11 yuan / share. The number of non-public issuance of a shares is 100 million shares (the final number shall be subject to the issuance approved by the CSRC), which shall not exceed 30% of the total share capital of the company before the non-public offering. The total amount of funds raised in this non-public offering does not exceed 511 million yuan. The raised funds after deducting the issuance expenses will be used to supplement working capital and repay bank loans in full.