Summary by Moomoo AI
Zhejiang Shibao Co., Ltd. (the “Company”) announced that the Company has issued 32,987,747 shares of RMB Ordinary Shares with a value of RMB 1.00 per share to a specific audience, at an issue price of RMB 10.61 per share, with an issue price of RMB 10.61 per share. The total fund raising for this issue is RMB349,999,995.67, net of the actual fund raising is RMB344,087,745.02 after the issuance costs. Upon completion of the issue, the Company's total share capital increased from 789,644,637 shares to 822,632,384 shares. The Company's directors, supervisors and senior management did not participate in the subscription and the number of its holdings remained unchanged, but the shareholding ratio was diluted due to the increase in share capital. The announcement was made on April 8, 2024 by the Chairman of the Company, Zhang Shiquan.