Zhejiang Qianjiang Biochemical Co., Ltd announced that it expects to receive CNY 356.257333 million in funding from Haining Water Investment Group Co., Ltd.
January 15, 2021
Share
Zhejiang Qianjiang Biochemical Co., Ltd announced a private placement of not more than 90,420,643 A shares at an issue price of CNY 3.94 per share for gross proceeds of up to CNY 356,257,333 on January 15, 2021. The shares have a par value of CNY1 per share. The transaction will include participation from Haining Water Investment Group Co., Ltd. The securities will be subject to a lock-up period of 36 months. The transaction is subject to approval from general meeting of shareholders and board of directors of the company as well as China Securities Regulatory Commission. The transaction has been approved by the fourth meeting and fifth session of the ninth supervisory committee of the company.
Zhejiang Qianjiang Biochemical Co., Ltd. is a China-based company principally engaged in the production and sales of biological products. The Company's main products include bio-pesticide products, veterinary drug substances and preparations, as well as pharmaceutical intermediates. The Company is also engaged in the research and development, manufacturing and sales of steam from the combined heat and power generation, as well as the real estate business. The Company mainly operates its business in the domestic market.
Zhejiang Qianjiang Biochemical Co., Ltd announced that it expects to receive CNY 356.257333 million in funding from Haining Water Investment Group Co., Ltd.