Yunding Technology Co.,Ltd. announced that it expects to receive CNY 867.561104 million in funding from Shandong Energy Group Co., Ltd.
March 23, 2022
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Yunding Technology Co.,Ltd. announced a conditional share subscription agreement for a private placement of not exceed 153,279,347 shares at an issue price of CNY 5.66 per share for gross proceeds of CNY 867,561,104 on March 24, 2022. The transaction will include participation from Shandong Energy Group Co., Ltd. The transaction has been approved in the 23rd meeting of the 10th board of directors of the company and is subject to general meeting of shareholders and the China Securities Regulatory Commission. All securities issued in the transaction have a hold period of 36 months.
On May 30, 2022, the company announced that it has received China Securities Regulatory Commission Administrative License Application Receipt (Acceptance No. 221078) issued by the China Securities Regulatory Commission.
Yunding Technology Co Ltd, formerly ShanDong Geo-Mineral Co Ltd, is a China-based company principally engaged in information technology service business and coal gasification technology promotion business. The Company operates business through two segments. The Information Technology Service Business segment, through its subsidiary, provides customers with characteristic information, intelligent solutions and closed-loop services from planning, design, integration to operation and maintenance. The Coal Gasification Technology Promotion Business segment, through its subsidiary, is mainly engaged in coal gasification technology implementation license, technology research and development, technical services and technical training business. The Company mainly conducts business in the domestic market.
YUNDING TECHNOLOGY CO.,LTD. 
