Sichuan Fulin Transportation Group Co., Ltd. announced that it expects to receive CNY 149.999996 million in funding from Yongfeng Group Co., Ltd.
Sichuan Fulin Transportation Group Co., Ltd. (SZSE:002357) announced that it has entered into a subscription agreement with existing investor Yongfeng Group Co., Ltd. for private placement of not more than 33,482,142 A shares at a price of CNY 4.48 per share for gross proceeds of not more than CNY 150,000,000 on July 6, 2020. The shares will be issued at premium on par value of CNY 1 per share. The shares are subject to lockup of 36 months.