Glodon Company Limited announced that it has received CNY 2.699999984 billion in funding from Hillhouse Capital Management, Ltd., UBS Investment Bank, Investment Arm, Huarong Ruitong Equity Investment Management Co., Ltd.

On June 1, 2020, Glodon Company Limited (SZSE:002410) closed the transaction. The company has issued 53,486,529 Shares at a price of CNY 50.48 per share for the gross proceeds of CNY 2,699,999,983.92. The transaction included participation from Hillhouse Capital Management, Ltd. for 29,714,738 shares for the gross proceeds of CNY 1,499,999,974.241, UBS Investment Bank, Investment Arm for 17,829,240 shares for the gross proceeds of CNY 900,020,035.20, Huarong Ruitong Equity Investment Management Co., Ltd. for 5,942,551 shares for the gross proceeds of CNY 299,979,974.48.