Jiangsu Lanfeng Bio-chemical (002513.SZ) plans a private placement to raise no more than 300 million yuan, to be used for repaying loans from financial institutions.
Jiangsu Lanfeng Bio-chemical (002513.SZ) announced a private placement of A-shares to specific targets, aiming to raise no more than 300 million yuan. After deducting issuance expenses, the proceeds will be used entirely to repay loans from financial institutions. The targets of this private placement are Xuhe Capital and Anhui Ximing. These targets will subscribe to the privately placed shares in full with cash. Xuhe Capital is the controlling shareholder of Anhui Ximing, and Zheng Xu is the actual controller. This private placement constitutes a related-party transaction.
Jiangsu Lanfeng Bio-chemical (002513.SZ) announced that the company plans to issue A-shares to specific targets, with total funds raised not exceeding 300 million yuan, which, after deducting issuance expenses, will be fully used to repay loans from financial institutions. The targets of this private placement are Xuhe Capital and Anhui Ximing. The targets will fully subscribe to the shares issued in this private placement in cash. Xuhe Capital is the controlling shareholder of Anhui Ximing, and Zheng Xu is the actual controller. This private placement constitutes a related-party transaction.
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