Shanghai Lingang Economic Development Group Investment Management Co., Ltd announced that it expects to receive CNY 50.85 million in funding from Shanghai Lingang Holdings Co.,Ltd.
Shanghai Lingang Economic Development Group Investment Management Co., Ltd announced a private placement of common shares for gross proceeds of CNY 5,085,000,000 on September 19, 2020. The transaction will include participation from returning investor Shanghai Lingang Holdings Co.,Ltd. (SHSE:900928). Upon completion, the investor will maintain 100% stake in the company and the registered capital of the company will increase from CNY 2,033,400,000 to CNY 7,118,400,000.