Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd. announced that it expects to receive CNY 500 million in funding from Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., China Asset Management Co., Ltd., Huayou Health Investment Co., Ltd., UBS AG
August 18, 2022
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Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd. announced a private placement of not more than 25,272,000 A shares with a par value of CNY 1 each for gross proceeds of not more than CNY 500,000,000 on August 19, 2022. The transaction has been approved at the third meeting of the third board of directors and the third meeting of the third board of supervisors. The transaction will include participation from not more than 35 special investors.
The pricing base date of transaction is the first day of the issue period, and the issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The transaction is subject to the approval of the company shareholders meeting, Shenzhen Stock Exchange and the China Securities Regulatory Commission. The securities issued are restricted for a period of 6 months.
Zhangjiagang Haiguo New Energy Equipment Manufacturing Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of special forgings for large and medium-sized equipment. The Company's products are mainly divided into four categories: oil and gas equipment forgings, wind power equipment forgings, mechanical equipment forgings and other forgings. The oil and gas equipment forgings include casing head, casing spool, tubing head, Christmas tree components, combination valve, main valve, fracturing head, drilling spool, etc. The wind power equipment forgings include gear box transmission products, tower flange, yaw, pitch bearing and other rough forgings. The mechanical equipment forgings include rolling mill ring, cone sleeve, roll, pump shaft, etc. The other forgings are mainly used for pressure vessels, marine equipment, etc.
Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd. announced that it expects to receive CNY 500 million in funding from Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., China Asset Management Co., Ltd., Huayou Health Investment Co., Ltd., UBS AG