Jiangsu Lanfeng Bio-Chemical Plans Private Placement to Raise Up to RMB 300 Million for Repaying Loans from Financial Institutions
Stock News
Sep 29
Jiangsu Lanfeng Bio-Chemical Co.,Ltd. (002513.SZ) has announced a plan to issue A-shares to specific targets, with total fundraising not exceeding RMB 300 million. After deducting issuance expenses, the proceeds will be entirely used to repay loans from financial institutions.
The subscribers for this private placement are Xuhe Capital and Anhui Ximing. The subscribers will fully subscribe to the shares in cash. Xuhe Capital is the controlling shareholder of Anhui Ximing, and Zheng Xu is the actual controller. This private placement constitutes a related-party transaction.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.