Guang Dong Sitong Group Co.,Ltd announced that it has received CNY 333.35 million in funding from Guangdong Weide Industrial Investment Co., Ltd, Suqian Xiongchuang Investment Partnership (Limited Partnership), Shenzhen Zhaoshi Equity Investment Fund Management Co., Ltd.
June 29, 2020
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On June 30, 2020, Guang Dong Sitong Group Co.,Ltd (SHSE:603838) has closed the transaction. The company has issued 53,336,000 common shares at a price of CNY 6.25 for a total gross proceeds of CNY 333,350,000. The transaction included participation from six specific investors. The transaction included various issuance cost of CNY 5,569,546.73 and received net proceeds of CNY 327,780,453.27. The transaction has been reviewed and approved by the board of directors in 5th meeting of the 3rd board of supervisors. The transaction was approved by the China Securities Regulatory Commission.
GUANG DONG SITONG GROUP CO., LTD. is engaged in the research, design, manufacture and sale of new home life ceramics. Its products cover daily ceramics, sanitary ceramics, art pottery and other full range of home life porcelain.
Guang Dong Sitong Group Co.,Ltd announced that it has received CNY 333.35 million in funding from Guangdong Weide Industrial Investment Co., Ltd, Suqian Xiongchuang Investment Partnership (Limited Partnership), Shenzhen Zhaoshi Equity Investment Fund Management Co., Ltd.