J.S. Corrugating Machinery Co., Ltd announced that it has received CNY 539.999997 million in funding from a group of investors
June 03, 2021
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On June 3, 2021, J.S. Corrugating Machinery Co., Ltd (SZSE:00082 closed the transaction. The company amended the terms of the transaction. The transaction involved participation from CS Richland Asset Management Co., Ltd. for CNY 119,999,997.26, Shanghai Wealspring Asset Management Co., Ltd. for CNY 99,999,992.40, Wisdomshire Asset Management Co., Ltd. for CNY 51,999,985.84, Lin Zhongwen for CNY 9,999,999.24, Tao Lei for CNY 9,999,999.24, Tian Sanhong for CNY 9,999,999.24, and other 11 investors in the transaction. The company issued 84,639,498 shares at an issue price of CNY 6.38 per share for gross proceeds of CNY 539,999,997.24 in the transaction. The share capital before was 538,235,280 shares and after capital raise is 622,874,778 shares. The issuance fees is CNY 8,922,641.48 in the transaction.
J.S. Corrugating Machinery Co., Ltd. is a China-based company principally engaged in the manufacture and sale of paper products packaging machinery, automotive components and industrial automation robots. The Company's main products include cartons, carton packaging machinery, printing machinery, casting products, automotive glass, automated production equipment and precision devices, among others. The Company distributes its products in both domestic market and to overseas markets.
J.S. CORRUGATING MACHINERY CO., LTD. 
