Sichuan Golden Summit Joint-Stock Co., Ltd. announced that it expects to receive CNY 475.32438 million in funding
December 29, 2022
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Sichuan Golden Summit (group) Joint-Stock Co., Ltd. announced a private placement to issue of A shares not more than 104,697,000 shares at an issue price of CNY 4.54 for the gross proceeds of CNY 475,324,380 on December 30, 2022. The transaction will include participation from returning investor, Luoyang Junying Private Equity Investment Fund Partnership (Limited Partnership). The lock-up period is 36 months. As of the issuance date of this plan, the investor has holds 20.50% of the voting rights of the company's total share capital and is the controlling shareholder of the company. The transaction has been approved in the fourteenth meeting of the ninth board of supervisors and the deliberated and approved at the twenty-sixth meeting of the ninth session of the board of directors of the company. The transaction is subject to approval from company's shareholders' meeting, China Securities Regulatory Commission.
On February 3, 2023, the company announced that transaction was not approved by the shareholders at First Extraordinary General Meeting of Shareholders in 2023.
Sichuan Golden Summit Group Joint Stock Co Ltd is a China-based company mainly engaged in the mining, processing and product sales of non-metallic mineral. The Company is mainly engaged in three businesses. The limestone mining business is mainly engaged in the mining, processing and sales of limestone. The activated calcium oxide production business is mainly engaged in the production and processing of activated calcium oxide. The logistics and transportation business is mainly engaged in railway freight, network freight, loading and unloading and warehousing. The Company's products are mainly used in metallurgy, construction, industry, steel, chemical industry, sewage treatment and environmental protection industries. The Company mainly conducts its businesses in the domestic market.