Ningbo Peacebird Fashion Co.,Ltd. announced that it expects to receive CNY 999.999993 million in funding from Ningbo Hele Investment Co., Ltd.
March 20, 2023
Share
Ningbo Peacebird Fashion Co.,Ltd. signed a share subscription agreement and announced a private placement of not less than 47,058,824 and not more than 58,823,529 A shares at an issue price of CNY 17 per share for the gross proceeds of not less than CNY 800,000,000 and not more than CNY 999,999,993 on March 21, 2023. The transaction will include private placement of returning investor Ningbo Hele Investment Co., Ltd. The shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved in the 11th meeting of the company’s 4th directorate and the company’s annual general shareholders meeting, and it is subject to the approvals of the Shanghai Stock Exchange and the China Securities Regulatory Commission.
On June 21, 2023, the company announced that it has received acceptance of Private Placement Application Documents Acceptance [2023] No. 414) issued by the Shanghai Stock Exchange,and decided to accept the applications.
Ningbo Peacebird Fashion Co Ltd is a China-based company primarily engaged in the design, development, manufacture, and sales of clothing. The Company's main businesses include fashion apparel. The Company's products mainly include thick coats, thin coats, shirts, skirts, T-shirts, sweaters, pants, accessories and others. The Company mainly conducts its businesses in the domestic market.
NINGBO PEACEBIRD FASHION CO.,LTD. 
