Shenzhen Prince New Materials Co., Ltd. announced a financing transaction
February 23, 2021
Share
Shenzhen Prince New Materials Co., Ltd. (SZSE:002735) announced a private placement of A shares on February 24, 2021. The transaction will involve participation from not more than 35 specific investors. The shares to be issued , have a par value of CNY 1 per share. The pricing base date of this non-public offering is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period, and the total amount of matching funds raised in this transaction does not exceed 100% of the transaction price. The number of shares to be issued with the matching funds raised in this time does not exceed 30% of the total share capital of the company before the transaction. The hold period for the shares to be issued is 6 months. The transaction has been approved by the 22nd meeting of the fourth board of directors of the company, and it is still subject to shareholders approval and China Securities Regulatory Commission.
Shenzhen Prince New Materials Co.,Ltd. is a China-based company principally engaged in the research, development, production and sales of plastic packaging materials. The Company's main products include plastic packaging films, plastic trays, plastic cushioning materials and other packaging materials. The Company's products are mainly applied in the process of production and sales packaging of electronic products, such as computers, smart phones and home appliances. The Company distributes its products in domestic market and to overseas markets.