Shenyang Commercial City Co.,Ltd. announced that it expects to receive CNY 350.0058 million in funding from Shenzhen Leading Semiconductor Investment Co., Ltd.
May 29, 2021
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Shenyang Commercial City Co.,Ltd. (SHSE:600306) announced that it has entered into an agreement for a private placement of 53,436,000 common shares, with a par value of CNY 1 each, at a price of CNY 6.55 per share for gross proceeds of up to CNY 350,005,800 on May 30, 2021. The transaction will include participation from Shenzhen Leading Semiconductor Investment Co., Ltd. The transaction has been approved at the 38th meeting of the 7th directorate of the company, and is subject to the approval of the company's shareholders meeting and the China Securities Regulatory Commission. The shares are subject to a lock-up period of 36 months.
Shenyang Commercial City Co Ltd is a China-based company mainly engaged in merchandise retail, with its main business formats being department stores and supermarkets. Department stores and supermarkets are mainly engaged in the sale of goods, and the product categories involved mainly include clothing, shoes and hats, bedding, outdoor sporting goods, cosmetics, gold and jewellery. The leasing business is mainly engaged in leasing part of the company's store locations, including department stores, restaurants, leisure, entertainment and supporting services. The Company mainly operates its businesses in the domestic market.
Shenyang Commercial City Co.,Ltd. announced that it expects to receive CNY 350.0058 million in funding from Shenzhen Leading Semiconductor Investment Co., Ltd.
SHENYANG COMMERCIAL CITY CO.,LTD. 
