*ST Huicheng: Signs financial restructuring investment agreement with Zhenen Biotech and others

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People’s Finance News, April 1 — *ST Huicheng (002168) issued an announcement on April 1. Recently, the company, together with Zien Biotechnology Co., Ltd. (hereinafter “Zien Biotech”), Chongqing Shanyuan Runhe Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter “Shanyuan Runhe”), and CICC Pucheng Investment Co., Ltd. (hereinafter “CICC Pucheng”), signed the “Reorganization Financial Investor Agreement.” According to the agreement, Shanyuan Runhe and CICC Pucheng plan to acquire a total of 114 million shares of the company’s capital increase, and will pay a total reorganization investment amount of RMB 230 million, corresponding to an entry/share price of RMB 2.01 per share. Of this, Shanyuan Runhe is expected to contribute approximately RMB 206 million to obtain approximately 102 million shares, while CICC Pucheng is expected to contribute approximately RMB 24.1572 million to obtain 12 million shares.

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