Alpha Group announced that it has received CNY 699.999972 million in funding from Orient Securities Asset Management Co., Ltd, Horizon Asset Management Co. Ltd., Hongta Hotland Asset Management Co., Ltd.
On January 5, 2018, the company announced that it has amended the terms of the transaction. The company issued 50,215,206 shares at a price of CNY13.94 per share for gross proceeds of CNY 699,999,971.64. The transaction involved participation from Orient Securities Asset Management Co., Ltd for CNY 339,999,987.42, Horizon Asset Management Co. Ltd. for CNY 19,999,996.80, and Hongta Hotland Asset Management Co., Ltd. for CNY 339,999,987.42.