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Chengbang Co., Ltd.: Plans to raise no more than 100 million yuan for embedded storage chip expansion and other projects
The issuance targets are no more than 35 specific investors, with the number of shares issued not exceeding 30% of the total share capital before issuance.
The issuance price shall not be less than 80% of the average trading price of the stock in the 20 trading days prior to the pricing benchmark date.
Subscribed shares cannot be transferred within 6 months from the end of the issuance.
This matter is still subject to approval by the Shanghai Stock Exchange and registration approval by the China Securities Regulatory Commission. (Cailian Press)