Jilin Liyuan Precision Manufacturing Co., Ltd. announced that it has received CNY 3 billion in funding from a group of investors
January 12, 2017
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On January 12, 2017, Jilin Liyuan Precision Manufacturing Co., Ltd. (SZSE:002501) closed the transaction. The company amended the terms of the transaction and issued 263,620,386 A shares at CNY 11.38 per share for gross proceeds of CNY 2,999,999,992.68. The transaction included participation from new investors Great Wall Guotai (Zhoushan) Industrial M&A Reorganization Fund Partnership Enterprise (L.P.), a fund managed by The Great Wall (Tianjin) Equity Investment Fund Management Co., Ltd., which invested CNY 599,999,996.26 for 52,724,077 shares and acquired 4.34% stake, Beixin Ruifeng Fund Management Co.,Ltd. which invested CNY 584,999,995.5 for 51,405,975 shares and acquired 4.23% stake, Caitong Fund Management Co., Ltd. which invested CNY 315,000,038.72 for 27,680,144 shares and acquired 2.28% stake, and 5 other investors. The investors acquired a total stake of 21.7% in the company through the transaction. The total share capital of the company increased from 951,215,194 shares to 1,214,835,580 shares. The shares issued will be listed on January 24, 2017 and will become tradable on January 24, 2018. The company paid issuance expenses of CNY 44,409,000 and received net proceeds of CNY 2,955,590,992.68. The company completed shares registration and custody procedures of the newly issued shares at the China Securities Depository and Clearing Corporation Limited Shenzhen branch.
Jilin Liyuan Precision Manufacturing Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and distribution of aluminum profiles and deep processed products. The Company primarily provides three categories of products, including industrial aluminum profiles, construction aluminum profiles, as well as aluminum profiles deep processed products. Its industrial aluminum profiles are mainly applied in rail vehicle industry, automotive industry, machinery manufacturing industry, power industry, petrochemical industry and precision electronic products industry. Its construction aluminum profiles include ordinary building materials, insulation series, as well as door and curtain wall series. It distributes its products within domestic market and to overseas markets.