Guangxi Nanning Waterworks Co., Ltd. announced that it has received CNY 812.335228 million in funding from Nanning Jianning Water Investment Group Co., Ltd., Guangxi Shangshan Ruoshui Development Co., Ltd., Guangxi Honggui Capital Operation Group Co.,Ltd., China Huarong Asset Management Co., Ltd., Investment Arm
July 04, 2019
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On July 5, 2019, Guangxi Nanning Waterworks Co., Ltd. (SHSE:601368) closed the transaction. The company issued 147,162,179 shares at issue price of CNY 5.52 per share for gross proceeds of CNY 812,335,228.08. The transaction included participation from returning investor Nanning Jianning Water Investment Group Co., Ltd. for 22,688,100 shares, China Huarong Asset Management Co., Ltd., Investment Arm for 27,173,913 shares, Guangxi Shangshan Ruoshui Development Co., Ltd. for 52,010,311 shares and Guangxi Honggui Capital Operation Group Co.,Ltd. for 45,289,855 shares. The shares have face value of CNY 1. The shares of Nanning Jianning Water Investment Group Co., Ltd. are subject to a hold period of 36 months and a hold period of 12 months for other investors. The company incurred expenses of CNY 12,679,422.09 and received net proceeds of CNY 799,655,805.99.
Guangxi Nanning Waterworks Co.,Ltd. is principally engaged in three business segments: water supply, waste water treatment and engineering construction. Water Supply segment is engaged in the production and distribution of tap water. Waste Water Treatment segment is engaged in the treatment of life waste water. Engineering Construction segment involves in the investment, construction, operation and maintenance of water supply and waste water treatment facilities. The Company operates its businesses primarily in Nanning, Guangxi autonomous region, China.
Guangxi Nanning Waterworks Co., Ltd. announced that it has received CNY 812.335228 million in funding from Nanning Jianning Water Investment Group Co., Ltd., Guangxi Shangshan Ruoshui Development Co., Ltd., Guangxi Honggui Capital Operation Group Co.,Ltd., China Huarong Asset Management Co., Ltd., Investment Arm