Yantai Jereh Oilfield Services Group Co.Ltd(002353) : the company’s non-public offering of shares still needs the approval of the CSRC

Some investors asked questions on the investor interaction platform: the company plans to issue no more than 100 million shares in a non-public manner and raise 2.5 billion funds. If the issue price is 25 yuan per share based on 100 million shares, the current share price is far higher than the proposed issue price, which is bound to damage the interests of current investors. Now the matter has been accepted. Please carefully consider the rationality and feasibility of the matter. Is it still necessary to continue to promote it according to the current plan? thank!

Yantai Jereh Oilfield Services Group Co.Ltd(002353) ( Yantai Jereh Oilfield Services Group Co.Ltd(002353) . SZ) said on the investor interaction platform on March 5 that the pricing benchmark date of the company’s issuance is the first day of the issuance period. The issuing price of this offering shall not be less than 80% of the average trading price of A-Shares of the company 20 trading days before the pricing benchmark date (average trading price of A-Shares 20 trading days before the pricing benchmark date = total trading volume of A-Shares 20 trading days before the pricing benchmark date ÷ total trading volume of A-Shares 20 trading days before the pricing benchmark date). The company’s non-public offering of shares still needs the approval of the China Securities Regulatory Commission, and there is uncertainty about whether it can be approved and the final approval time. The company will fulfill the obligation of information disclosure in time according to the progress. Please pay attention to the investment risks.

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