Yunnan Chihong Zinc & Germanium Co., Ltd. announced that it has received CNY 3.836641506 billion in funding from Yunnan Metallurgical Group Co., Ltd., Guohua Life Insurance Co., Ltd., Jiangsu Longliqi Group Co.,Ltd.
November 29, 2017
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On November 30, 2017, Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) closed the transaction. The company amended the transaction and now issued 781,393,382 shares at a price of CNY 4.91 per shares for gross proceeds of CNY 3,836,641,505.62. The transaction included participation from investors, Yunnan Metallurgical Group Co., Ltd. invested 285,132,382 shares for CNY 1,399,999,995.62, Guohua Life Insurance Co., Ltd. invested 30,549,898 shares for CNY 149,999,999.18, Jiangsu Longliqi Group Co.,Ltd. invested 203,665,987 shares for CNY 999,999,996.17, Yunnan Chihong Zinc & Germanium Co., Ltd.’s Phase I ESOP invested 38,012,529 shares for CNY 186,641,517.39, CITIC Securities-North Industries Group Investment- Chihong Zinc & Germanium Directional Asset Management Plan invested 162,932,790 shares for CNY 799,999,998.90, and Zheng Jihua invested 61,099,796 for CNY 299,999,998.36. The transaction issuance expense will be CNY 41,054,554.40. The securities being issue are subject to a trade restriction of 36 months from completion date. Ruihua Certified Public Accountants (Special General Partnership) issued Verification Report (no.[2017] 53090002) and verified the receipt of the proceeds.
Yunnan Chihong Zinc & Germanium Co., Ltd. is a China-based company principally engaged in the beneficiation and smelting of non-ferrous metals. The Company's main products include zinc products, lead products, sulfuric acid, silver ingots, sulfur concentrates, gold, lead concentrates, zinc concentrates, coal, electrolytic copper products, germanium concentrates, copper concentrates and electrolytic nickel products. The Company is also involved in the provision of engineering and technical services.
Yunnan Chihong Zinc & Germanium Co., Ltd. announced that it has received CNY 3.836641506 billion in funding from Yunnan Metallurgical Group Co., Ltd., Guohua Life Insurance Co., Ltd., Jiangsu Longliqi Group Co.,Ltd.