Technology, Healthcare, Financials Jan 24, 2022 05:00 PM (GMT+8) · EqualOcean
Xiangdian announced that the number of non-public shares to be issued by the company will not exceed 30% of the total share capital of the listed company before the issuance, i.e. 346485570 shares (including the number), and the total amount of funds raised will not exceed RMB 3 billion (including the number). After deducting the issuance expenses, 861.8824 million yuan will be used to acquire Hunan xiangchuang magnetic energy investment partnership (limited partnership) ("xiangchuang magnetic energy") Xiangdian group and Hunan state owned enterprise reform and development fund enterprise (limited partnership) ("national reform fund") hold 4.12%, 12.36% and 13.50% equity of Xiangdian power respectively, and acquire 29.98% equity held by the above three shareholders in total.

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