Sichuan Road & Bridge Co., Ltd. announced that it has received CNY 4.246456368 billion in funding from Sichuan Railway Investment Group Co., Ltd.
On November 24, 2020, Sichuan Road & Bridge Co., Ltd. (SHSE:600039) closed the transaction. The company incured issuance expenses of CNY 21,928,361.97 and receive net proceeds would be CNY 4,224,528,006.24 in the transaction. Out of the total net proceeds, CNY 1,064,274,779 will go into registered capital, and CNY 3,160,253,227.24 will go into capital reserve. Post-closing, the registered capital of the company will increase from CNY 3,705,325,510 to CNY 4,769,600,289.