Wuxi Longsheng Technology Co.,Ltd announced that it expects to receive CNY 716.211 million in funding from Caitong Fund Management Co., Ltd., GF Securities Asset Management Co.,Ltd., Fullgoal Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Golden Eagle Asset Management Co. Ltd., Jiangsu Ruihua Investment Management Co., Ltd.
November 10, 2021
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Wuxi Longsheng Technology Co.,Ltd announced a private placement of not more than 30,277,708 A shares for gross proceeds of not more than CNY 716,211,000 on November 11, 2021. The transaction will include participation from not more than 35 investors. The company issues shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date.
The transaction has been approved in the 3rd meeting of the company's 4th directorate and the 3rd meeting of the 4th supervisory Board and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date.
Wuxi Longsheng Technology Co Ltd is a company mainly engaged in research, development, production and sales of auto parts. The Company operates two businesses. The exhaust gas recirculation (EGR) business is focused on the exhaust gas recirculation systems of gasoline and diesel engines to serve passenger and commercial vehicles. The precision parts business is operated through its subsidiaries, and is involved in the production and sales of precision stamping parts, injection molding and molds for the automotive and consumer electronics areas.
Wuxi Longsheng Technology Co.,Ltd announced that it expects to receive CNY 716.211 million in funding from Caitong Fund Management Co., Ltd., GF Securities Asset Management Co.,Ltd., Fullgoal Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Golden Eagle Asset Management Co. Ltd., Jiangsu Ruihua Investment Management Co., Ltd.