Summary by Moomoo AI
Zhejiang Shibao announced on April 8, 2024 that it has successfully issued A shares to certain parties on the Shenzhen Stock Exchange. The issue involved eight investors, including well-known institutions such as Great Wall Securities, Fortune Funds, Hu'an Securities, as well as international investors such as UBS AG and J.P. Morgan Securities plc. The number of issued shares was 32,987,747 shares and the total amount raised was approximately RMB3.5 billion. The issue price was $10.61 per share, exceeding 105.68% of the average trading price of the company's shares on the 20 trading days prior to the pricing baseline. Upon completion of the issue, the investor's subscribed shares will have a 6-month grace period. The funds raised will be used for the Automotive...Show More