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NEWS CENTER Warm congratulations on the success of non-public issuance of a shares on GEM

Warm congratulations on the success of non-public issuance of a shares on GEM

2019.08.16 Senior

On January 14, 2019, the issuance Review Committee of China Securities Regulatory Commission approved the application of Xingyuan material for this non-public issuance of a shares.


On February 26, 2019, China Securities Regulatory Commission issued the reply on Approving the shares of non-public Development Bank of Shenzhen Xingyuan Material Technology Co., Ltd. (zjxk [2019] No. 261), and approved the non-public issuance of no more than 38400000 (including 38400000) A shares by Xingyuan material.


To this end, the company issued 38400000 A-shares to five issuers in a non-public manner, with the issuing price of 22.37 yuan / share and the total amount of raised funds of 859 million yuan.


The above-mentioned new shares have been registered and deposited in Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. on August 8, 2019, and listed on Shenzhen Stock Exchange on August 20, 2019.


The funds raised in this non-public offering will provide strong financial support for the construction of the company's "super coating plant" project, and lay an important foundation for the company to further expand its overseas market more effectively and consolidate its leading position in the lithium-ion battery separator industry.