According to Sanchao New Materials's announcement, the company issued 21.81 million A-shares to specific targets, with an issue price of 16.97 yuan per share. The total capital raised was 370 million yuan, and the net capital raised after deducting issuance fees was 364 million yuan. The above funds have already been tested. The company opened a special fund raising account at the Wuxi Xinwu branch of Minsheng Bank for the purpose of supplementing working capital and repaying bank loan projects, and signed a “Tripartite Supervision Agreement” with Minsheng Bank Nanjing Branch and sponsor Huatai Joint Securities to clarify the relevant rights and responsibilities of each party to monitor the storage and use of special fund-raising accounts.

Zhitongcaijing · 3d ago
According to Sanchao New Materials's announcement, the company issued 21.81 million A-shares to specific targets, with an issue price of 16.97 yuan per share. The total capital raised was 370 million yuan, and the net capital raised after deducting issuance fees was 364 million yuan. The above funds have already been tested. The company opened a special fund raising account at the Wuxi Xinwu branch of Minsheng Bank for the purpose of supplementing working capital and repaying bank loan projects, and signed a “Tripartite Supervision Agreement” with Minsheng Bank Nanjing Branch and sponsor Huatai Joint Securities to clarify the relevant rights and responsibilities of each party to monitor the storage and use of special fund-raising accounts.