Anhui Xinbo Aluminum Co., Ltd. announced that it expects to receive CNY 780 million in funding from UBS Group AG, Huatai Asset Management Co., Ltd., Nuode Fund Management Co., Ltd.
December 30, 2021
Share
Anhui Xinbo Aluminum Co., Ltd. announced that it will issue not more than 20,000,000.00 shares of class A at a price of CNY 39 per share for gross proceeds of CNY 780,000,000 on December 1, 2021. The transaction price will not be less than 80% of the average stock price of the company's shares on the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 specific investors including individual investor Tang Kaijian for not less than CNY 50,000,000 and not more than CNY 150,000,000. The transaction has been approved at the 13th meeting of the second board of directors of the company and is subject to approval from China Securities Regulatory Commission and shareholders of the company. The securities issued and subscribed by Tang Kaijian will not be transferred within 18 months from the closing date, and the shares subscribed by other issuers shall not be transferred within 6 months from the end of the issuance.
On January 13, 2022, the company received China Securities Regulatory Commission Administrative License Application Acceptance Form issued by China Securities Regulatory Commission via acceptance number: 220060 for acceptance of the application for administrative license.
Anhui Xinbo Aluminum Co Ltd is a China-based company mainly engaged in the research, development, production and sales of aluminum profiles and aluminum components. The Company's main products include industrial aluminum profiles, industrial aluminum parts and architectural aluminum profiles. Its products are used in new energy photovoltaic industry chain, rail transit, automobile lightweight, medical and environmental protection, electronic appliances, system doors and windows, energy-saving buildings and other fields. The Company mainly conducts its businesses in the China market.
Anhui Xinbo Aluminum Co., Ltd. announced that it expects to receive CNY 780 million in funding from UBS Group AG, Huatai Asset Management Co., Ltd., Nuode Fund Management Co., Ltd.