Jiangsu Lianyungang Port Co., Ltd. announced that it has received CNY 499.999998 million in funding from Lianyungang Port Group Co., Ltd.
On June 10, 2021, Jiangsu Lianyungang Port Co., Ltd. (SHSE:601008) closed the transaction. The company issued 157,728,706 shares at issue price of CNY 3.17 per share for gross proceeds of CNY 499,999,998.02. The company incurred issuance expenses of CNY 5,509,433.96 receiving net proceeds of CNY 494,490,564.06. The total share capital before transaction is 1,093,826,212 shares and total share capital after transaction is 1,251,554,918 shares.