Zhejiang Zhe Kuang Heavy Industries Co., Ltd. announced that it expects to receive CNY 150 million in funding
March 18, 2021
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Zhejiang Zhe Kuang Heavy Industries Co., Ltd. (SZSE:300837) announced a private placement of not more than 30,000,000 A common shares for gross proceeds of CNY 150,000,000 on March 19, 2021. The transaction will involve participation from no more than 35 investors. The issue price is not less than 80% of the average price of its A shares on the 20 trading days prior to the pricing base date. The shares issued in the transaction will have a hold period of six months from the date of listing. The transaction has been approved by the board of directors of the company at the tenth meeting of the third board of directors meeting. The transaction needs approval from shareholders of the company, board of directors or the company, Shenzhen Stock Exchange, and China Securities Regulatory Commission.
Zhe Kuang Heavy Industry Co Ltd, formerly Zhejiang Zhe Kuang Heavy Industry Co Ltd, is a China-based company mainly engaged in research, development, design, production and sales of complete crushing and screening equipment. The Company's product types include jaw crushers, cone crushers, impact crushers, hammer crushers, vibrating screens, feeders, washing machines and others, which are used in production and processing of brittle materials such as sand and gravel, mining and environmental protection and other various fields. The Company operates its businesses within the domestic market and to overseas markets such as Myanmar, Cambodia and Malaysia.
ZHE KUANG HEAVY INDUSTRY CO.,LTD. 
