Tongkun Group Co., Ltd. announced that it has received CNY 1.969999989 billion in funding from Zhejiang Leixin Industry Co.,Ltd.
September 28, 2021
Share
On September 29, 2021, Tongkun Group Co., Ltd. closed the transaction. The company issued 123,588,456 Class A shares at the price for CNY 15.94 per share for gross proceeds of CNY 1,969,999,988.64. The face value of the share is CNY 1. The issuance cost were CNY 8,229,788.12 and net raised funds are CNY 1,961,770,200.52. Among them, CNY 123,588,456 is included in the paid-in share capital, and CNY 1,838,181,744.52 is included in the capital reserve. The new shares issued in this issuance in the Shanghai Branch of China Securities Depository and Clearing Corporation Limited to complete the registration and custody related matters. The newly added shares issued this time shall not be transferred within 36 months from the date of completion of the issuance. It is estimated that the listing and circulation time will be the next trading day after the expiration of the restricted sale period.
TONGKUN GROUP CO., LTD. is principally engaged in the research, development, manufacture and distribution of civil-used polyester filaments. The Company primarily provides pre-oriented yarns (POYs), draw textured yarns (DTYs), full draw yarns (FDYs), polyethylene terephthalate (PET) chips, spinning oil, among others. Its products are applied primarily in the manufacture of apparels and household textile products. The Company distributes its products in domestic and overseas markets.