Teyi Pharmaceutical Group Co.,Ltd announced that it expects to receive CNY 275 million in funding from AEGON-Industrial Fund Management Co. Ltd., Donghai Funds Management Co., Ltd., Caitong Fund Management Co., Ltd., Allianz Insurance Asset Management Co., Ltd., Nuode Asset Management Co., Ltd., China Great Wall Securities Co.,Ltd.
June 27, 2023
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Teyi Pharmaceutical Group Co.,Ltd announced a private placement of not more than 30,000,000 A shares for gross proceeds of not more than CNY 275,000,000 on June 27, 2023. The transaction will include participation from not more than 35 designated investors. The pricing base date of this issuance is the first day of the issuance period, and the issue price shall not be lower than 80% of the company's stock trading average price in the 20 trading days prior to the pricing base date.
The shares to be issued in the transaction will have a lock-up period of 6 months after issuance completion date within which they cannot be transferred. The transaction is approved in 11th session of the company?s 5th directorate and the 10th session of the company?s 5th supervisory board. The transaction is subject to the approval of the shareholders of the company and approval of the China Securities Regulatory Commission.
CHINA GREAT WALL SECURITIES CO., LTD. is a China-based comprehensive securities company. The Company's main businesses include securities brokerage, securities investment and consulting, financial consultation related to securities trading and securities investment activities, securities underwriting and sponsorship, securities self-operation, securities asset management, securities margin trading, securities investment fund agency sales, the provision of intermediate introduction services for futures companies and consignment of financial products.
Teyi Pharmaceutical Group Co.,Ltd announced that it expects to receive CNY 275 million in funding from AEGON-Industrial Fund Management Co. Ltd., Donghai Funds Management Co., Ltd., Caitong Fund Management Co., Ltd., Allianz Insurance Asset Management Co., Ltd., Nuode Asset Management Co., Ltd., China Great Wall Securities Co.,Ltd.