Baiji Shenzhou: 497 million yuan of excess placement funds will be included in the Securities Investor Protection Fund
Financial Associated Press, Dec. 26 - Baiji Shenzhou announced that as of December 20, CICC, the authorized lead underwriter, had used the funds obtained from the over allotment of this offering to buy 17.258 million shares from the secondary market in the form of competitive trading. The total amount of corresponding payment is 2.827 billion yuan, the average purchase price is 163.80 yuan / share, the highest price is 171.99 yuan / share, and the lowest price is 155.02 yuan / share. The exercise period of the company's over allotment option for this issuance ended on December 20. CICC, the authorized lead underwriter, will deliver the remaining funds of 497 million yuan other than the funds used to repurchase shares to China Securities Investor Protection Fund Co., Ltd. before December 27 (including the same day) and include them in the Securities Investor Protection Fund.
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