Nuode Investment Co.,Ltd announced that it expects to receive CNY 2.2882 billion in funding from Shenzhen Bangmin Venture Investment Co., Ltd., Shenzhen Hongyuan New Materials Co., Ltd., Shenzhen Bangmin New Materials Co., Ltd.
June 06, 2021
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Nuode Investment Co.,Ltd announced that it has signed conditional effective shares subscription agreement for a private placement of not more than 340,000,000 shares of class A at a price of CNY 6.73 per share for gross proceeds of not more than CNY 2,288,200,000 on June 7, 2021. The transaction will include participation from returning investor Shenzhen Bangmin Venture Investment Co., Ltd. for 40,000,000 shares, along with Shenzhen Hongyuan New Materials Co., Ltd. for 150,000,000 shares and Shenzhen Bangmin New Materials Co., Ltd. for 150,000,000 shares. The shares carry a hold period of 18 months from issue date. The transaction has been approved by 40th meeting of the company's ninth board of directors and at the 18th session of the 9th supervisory board and is subject to approval of the company's general meeting of shareholders and China Securities Regulatory Commission.
On August 28, 2021, the company announced that the application for the transaction has been accepted by China Securities Regulatory Commission (acceptance number: 212236).
Nuode New Materials Co Ltd, formerly Nuode Investment Co Ltd, is a China-based company mainly engaged in the research, development, manufacturing, and sales of electrolytic copper foil. The Companyâs products are mainly used in lithium battery manufacturing. The Company is also involved in other businesses such as manufacturing of wire & cable and auxiliary parts, as well material trading. The Company mainly conducts businesses within the domestic market.
Nuode Investment Co.,Ltd announced that it expects to receive CNY 2.2882 billion in funding from Shenzhen Bangmin Venture Investment Co., Ltd., Shenzhen Hongyuan New Materials Co., Ltd., Shenzhen Bangmin New Materials Co., Ltd.