B-SOFT Co.,Ltd. announced that it expects to receive CNY 933.87 million in funding
September 28, 2017
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B-SOFT Co.,Ltd. (SZSE:300451) announced a private placement of not more than 36,000,000 class A shares for gross proceeds of not more than CNY 933,873,600 on September 29, 2017. The transaction will include participation from not more than five qualified investors. The transaction has been approved at the 2nd session of the 6th meeting of the board of directors of the company and is subject to approval from the China Securities Regulatory Commission. The issuance price will not be lower than the average closing price of the company's share as of 20 days before basal pricing date nor lower than 90% of the price of the company's share 1 previous day to the actual issuance. The final issue price will be determined by the board of directors or its authorized persons and the sponsor on the basis of the price priority, based on the results of the auction and on the basis of not being lower than benchmark price. The shares issued can not be transferred within 12 months since the end of the issuance date. The shares issued have a face value of CNY 1 per share.
B-Soft Co., Ltd. is a China-based company principally involved in medical and health information construction. It operates three businesses. The medical and informatization application software business includes hospital information application software and public health information application software. The information technology-based system integration business includes computer information equipment system integration business and intelligent network cabling engineering integration business. The information technology (IT) operation and maintenance service business includes financial self-service equipment professional technical service business and medical industry's maintenance technology service business. The Company mainly conducts its businesses in domestic market.