Fujian Longking Co.Ltd(600388) announced that the company plans to issue 118785031 non-public shares to Zijin Mining Group Company Limited(601899) at a price of 6.93 yuan / share. The total amount of funds raised is expected to be no more than 823180300 yuan (including this amount). After deducting the issuance expenses, it is intended to be used to supplement working capital and repay the company’s debts.
The company said that through this non-public offering of shares, it further optimized the shareholder structure, Zijin Mining Group Company Limited(601899) provided the company with strategic resources such as technology, capital, market and channels, improved the level of corporate governance, made business decisions more reasonable and scientific, contributed to the steady improvement of market competitiveness and shareholder returns, and contributed to the long-term development of the company.
