Shandong Chiway Industry Development Co.,Ltd announced that it expects to receive CNY 829.999997 million in funding from Suzhou Ruichang Investment Management Co., Ltd.
June 18, 2023
Share
Shandong Chiway Industry Development Co.,Ltd. announced that it has entered into an agreement to issue not more than 265,175,718 A shares pre-plan at an issue price of CNY 3.13 per share for gross proceeds of not more than CNY 829,999,997.34 on June 19, 2023. The transaction will include participation from returning, Suzhou Ruichang Investment Management Co., Ltd. will holds from 17.72% stake to hold 33.85%. The shares cannot be transferred within 36 months from the issuance closing date. The transaction has been approved in the 3rd Meeting of the company?s 6th directorate and the 3rd meeting of the 6th supervisory Board and is subject to the approvals of the shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.
On April 12, 2024, the company announced that the application for the issuance of the shares has been accepted by the Shenzhen Stock Exchange.
Shandong Chiway Industry Development Co Ltd, formerly Shandong Lipeng Co Ltd, is principally engaged in the composite anti-counterfeit printing of aluminum plates, as well as the manufacture and sale of anti-counterfeit bottle caps. The Companyâs products are composite anti-counterfeit printed aluminum plates, which are applied in processing and manufacture of aluminum anti-counterfeit bottle caps, as well as aluminum anti-counterfeit bottle caps and combined anti-counterfeit bottle tops, which are applied in packaging of products such as liquor, healthcare liquor and beer, among others. In addition, the Company provides aluminum strips, and related equipment and molds. The Company is also engaged in the landscaping and environment treatment businesses, such as ecological restoration, landscape construction, landscape planning and design, green conservation and nursery stock sales, among others.
Shandong Chiway Industry Development Co.,Ltd announced that it expects to receive CNY 829.999997 million in funding from Suzhou Ruichang Investment Management Co., Ltd.
SHANDONG CHIWAY INDUSTRY DEVELOPMENT CO.,LTD 
