Shandong Bohui Paper Industry Co., Ltd. announced that it expects to receive CNY 1.98529 billion in funding from Shandong Bohui Group Corporation and other investors
December 10, 2017
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Shandong Bohui Paper Industry Co., Ltd. (SHSE:600966) announced that it will issue not more than 267,368,857 A shares in funding for gross proceeds of not more than CNY 1,985,290,000 on December 11, 2017. The transaction will involve participation from existing investor, Shandong Bohui Group Corporation and not more than 10 investors. New shares subscribed by Shandong Bohui Group Corporation will not be transferrable within 36 months from the closing date of this issuance. New shares subscribed by other investors will not be transferrable within 12 months from the closing date of this issuance. Shandong Bohui Group Corporation will subscribe for not less than 30% of total shares of issuance. The transaction has been approved at 17th session of the 8th directorate meeting. This transaction needs approvals from the shareholders’ of the Company and the China Securities Regulatory Commission.
SHANDONG BOHUI PAPER INDUSTRY CO., LTD. is a China-based company principally engaged in paper making business. The Company's major products consist of card paper, printing-and-writing paper, writing paper, offset paper, packaging paper, cardboards, wood pulp for paper making and others. The Company distributes its products within domestic market and to overseas markets.
Shandong Bohui Paper Industry Co., Ltd. announced that it expects to receive CNY 1.98529 billion in funding from Shandong Bohui Group Corporation and other investors