Rongsheng Development: Terminate the issuance of A-shares to specific targets for the 2022 fiscal year and withdraw the application documents

Rongsheng Development Announcement: The company has decided to terminate the issuance of A-shares to specific targets in 2022 and withdraw the application documents. The original plan was to issue no more than 1.3B A-shares to no more than 35 specific targets, with a total fundraising amount not exceeding 2.87B yuan (including this amount), mainly for real estate projects related to “ensuring delivery and people’s livelihood” and to supplement working capital. The termination was mainly due to considerations of market environment, capital market conditions, and project progress. The termination will not have a significant adverse impact on the company’s normal production and operations.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin