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Shenda Shares ((600626): Non Public Offering Of Shares Approved
Shenda Co., Ltd. (600626) announced on the evening of August 1 that the company recently received the "reply on issues related to the non-public development of shares of Shanghai Shenda Co., Ltd. (dfij [2022] No. 173) issued by state-funded enterprise Dongfang International (Group) Co., Ltd., which originally agreed to the plan of Shanghai Shenda Co., Ltd, The amount of shares to be issued shall be determined by dividing the upper limit of the total amount of raised funds (i.e. RMB 600 million) divided by the issue price, and shall not exceed 30% of the total share capital, that is, 332 million shares. The shares to be issued are fully subscribed by Shanghai textile (Group) Co., Ltd.
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