Ganzhou Guoguang Industry Co., Ltd. announced that it expects to receive CNY 106.5891 million in funding from Jiangxi Guoguang Commercial Chains Co., Ltd.
August 07, 2020
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Ganzhou Guoguang Industry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 106,589,100 on August 8, 2020. The transaction will include participation from returning investor Jiangxi Guoguang Commercial Chains Co., Ltd. (SHSE:605188). CNY 10,000,000 will be used to increase target's registered capital and the remaining part will be included in the target's capital reserve. As a result, target's registered capital will increase from CNY 100,000,000 to CNY 110,000,000, and it will remain a wholly-owned subsidiary of the investor. The transaction has been reviewed and approved at the 20th meeting of the first board of directors and the ninth meeting of the first board of supervisors.
Jiangxi Guoguang Commercial Chains Co Ltd is a company engaged in operation of chain supermarkets. The Company's products are comprised of fresh products, such as fruits, vegetables, aquatic products and meat; food products, such as frozen foods, liquor and beverages; non-food products, such as daily chemical products; knitted products, such as towels and bedding; department store products, such as jewels, cosmetics and clothing. The Company mainly conducts its businesses in Jiangxi Province through operating large, medium and small supermarkets and department stores.
Ganzhou Guoguang Industry Co., Ltd. announced that it expects to receive CNY 106.5891 million in funding from Jiangxi Guoguang Commercial Chains Co., Ltd.
JIANGXI GUOGUANG COMMERCIAL CHAINS CO., LTD. 