Jinzhou Port Co., Ltd. announced that it expects to receive CNY 1.62 billion in funding
April 27, 2021
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Jinzhou Port Co., Ltd. (SHSE:600190) announced a private placement of not more than 500,000,000 A shares for gross proceeds of not more than CNY 1,620,000,000 on April 27, 2021. The transaction will include participation from not more than 35 specific investors. The issue price is not less than 80% of the average price during the 20 trading days prior to the pricing base date and not less than the most recent period audited net asset per share attributable to parent company’s shareholder. The shares issued will not be transferred within 6 months after issuance. The transaction has been approved by the 8th session of the company’s 10th directorate and is subject to the approval of the shareholders and the China Securities Regulatory Commission.
JINZHOU PORT CO.,LTD. is a China-based company principally engaged in port cargo loading and unloading, material warehousing and related logistics operations. The Company provides port services to products into the categories of oil products and chemicals (including crude oil, refined oil and liquid chemicals); bulk cargo goods (including coal, food and staples and minerals); and other cargo goods (including steel, petroleum coke, sugar, fertilizers as well as alumina, among others). Oil products and chemicals, food and staples, coal, steel, fertilizers and domestic containers are five advantaged sources of the Company.