5i5j Holding Group Co., Ltd. announced that it expects to receive CNY 699.999999 million in funding from Tibet Taihe Xianji Investment Management Co., Ltd.
March 21, 2021
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5i5j Holding Group Co., Ltd. announced a private placement of 228,013,029 A shares at a issue price of CNY 3.07 per share for gross proceeds of not more than CNY 700 million in a round of funding on March 22, 2021. The transaction included participation from returning investor Tibet Taihe Xianji Investment Management Co., Ltd. to increase its stake from 17.45% to 24.74% in the company. The issuance price is not less than 80% of the average trading price of the company’s stocks on the 20 trading days prior to the pricing base date. The securities issued are subjected to holding period of 18 months from the date of the end of the issuance. The transaction is subjected to approval of shareholders and China Securities Regulatory Commission. The transaction was approved by the board of directors in eighth meeting of the company's tenth board of directors. The shares issued shall not exceed 30% of the company before the non-public issuance of the total share capital, that is, no more than 706,650,255 shares. Post-closing of the transaction, the investor’s direct shareholding in the company will increase from 411,028,689 shares to 639,041,718 and it will remain controlling shareholder of the company.
5I5J HOLDING GROUP CO., LTD. is a China-based company mainly engaged in the real estate business. The Company operates three main businesses. Real estate brokerage business includes second-hand house brokerage business, new house business and overseas business. The property management business is engaged in the residential leasing and property management. The commercial asset management business is engaged in the management of commercial rental operations such as department stores. The Company is also engaged in commercial retail, hotel travel services, real estate development, property services and other services. The Company conducts its business within the domestic market and to overseas markets.
5i5j Holding Group Co., Ltd. announced that it expects to receive CNY 699.999999 million in funding from Tibet Taihe Xianji Investment Management Co., Ltd.