KBC Shares' private placement project successfully launched.
Release date:
2022-08-02
On July 28, KBC Shares (stock code: 688598) completed the share registration process at the Shanghai Branch of China Securities Depository & Clearing Corporation Limited for its issuance of shares to specific investors, successfully concluding this round of financing. The company issued a total of 11,629,285 shares at an issue price of RMB 266.81 per share, raising a total of RMB 3.10292 billion. This private placement attracted active participation and strong support from numerous investment institutions and individual investors, ultimately resulting in the selection of 11 subscribing parties. Among them, Ruoyuan Fund Management Co., Ltd. subscribed for 2,773,509 shares, investing a total of RMB 740 million and becoming the largest single investor in this offering.
According to the proposed private placement plan, the funds raised from this offering—after deducting issuance expenses—will be allocated to the project expanding production capacity for high-purity, large-size, advanced carbon-based composite materials, the construction of the KBC Research Institute, and the replenishment of working capital. The successful completion of this private placement reflects the capital market's strong recognition of the company's outstanding business achievements since its listing. It will provide ample financial support for future enhancements in overall corporate efficiency, capacity expansion, and the commercialization of scientific research innovations, thereby helping the company achieve sustained, stable, and high-quality growth.
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