Wuxi Zhenhua Auto Parts Co., Ltd. announced that it has received CNY 234.999987 million in funding from China Asset Management Co., Ltd., Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., Huashi Haorui Private Fund Management Co., Ltd.â, and another investor
June 14, 2023
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On June 14, 2023, Wuxi Zhenhua Auto Parts Co., Ltd. closed the transaction. The company amended the terms of the transaction.
The company will issue 16,882,183 shares at an issue price of CNY 13.92 per share for the gross proceeds of CNY 234,999,987.36. The transaction will include participation from new investors China Asset Management Co., Ltd. for 2,658,045 shares for the proceeds of CNY 36,999,986.40, Nuode Asset Management Co., Ltd. for 3,132,183 shares for the proceeds CNY 43,599,987.36, Zhang Huixian for 7,183,908 shares for proceeds of CNY 99,999,999.36, Caitong Fund Management Co., Ltd. for 2,370,689 shares for the proceeds of CNY 32,999,990.88, and Huashi Haorui (Beijing) Private Fund Management Co., Ltd. for 1,537,358 shares for the proceeds of 21,400,023.36. All securities issued in the transaction have a hold period of 6 months. After the issuance, Zhang Huixian is accounting for 2.87% stake, and Huashi Haorui (Beijing) Private Fund Management Co., Ltd. is accounting for 0.61% stake. The company is paying issue fees of CNY 5,598,496.78.
Wuxi Zhenhua Auto Parts Co Ltd is a China-based company mainly engaged in the development, production and sales of automotive stamping and welding parts and related molds. The automotive stamping parts produced and sold by the Company cover automotive body parts, chassis parts, powertrain parts, including oil pans and converter housings, as well as electronic and electrical components, including battery trays and battery trays. The Company provides subassembly assembly processing services, and its final product is automobile body parts. The Company is also engaged in the design, development and processing of stamping dies. The Company is also engaged in the research, development and sales of automotive engine parts.
Wuxi Zhenhua Auto Parts Co., Ltd. announced that it has received CNY 234.999987 million in funding from China Asset Management Co., Ltd., Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., Huashi Haorui Private Fund Management Co., Ltd.—, and another investor