China Sports Industry Group Co., Ltd. announced that it has received CNY 537.125298 million in funding from Forever Premier Capital Management Limited, Huajian Sports Holding Group Co., Ltd, Knight Investment Management Co., Ltd., Yinhua Fund Management Co. Ltd., Fujian Surplus Asset Management Co., Ltd.
June 16, 2020
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On June 17, 2020, China Sports Industry Group Co., Ltd. (SHSE:600158) closed the transaction. The company issued 45,288,811 shares at a price of CNY 11.58 per share for gross proceeds CNY 537,125,298.46. The transaction included participation from Forever Premier Capital Management Limited for 4,553,119 shares for CNY 53,999,991.34, Huajian Sports Holding Group Co., Ltd 4,553,119 shares for CNY 53,999,991.34, Knight Investment Management (Shanghai) Co., Ltd. for 9,190,556 shares for CNY 108,999,994.16, Yinhua Fund Management Co. Ltd. for 13,659,359 shares for CNY 161,999,997.74, Fujian Surplus Asset Management Co., Ltd. for 4,553,119 shares for CNY 53,999,991.34, Wang Tao for 6,661,044 shares for CNY 78,999,981.84, Yan Han for 1,112,984 shares for CNY 13,199,990.24, Ni Hantao for 1,005,511 shares for CNY 11,925,360.46. The company has received Net proceeds of CNY 522,427,185.25. The shares have a lockup period of 12 months.
CHINA SPORTS INDUSTRY GROUP CO., LTD. is a China-based company primarily engaged in the sports related businesses. The Company's main businesses include the management and operations of sports events, the design, consulting, construction and management of sports venues, the production of sports content, the provision of sports related intermediary services, sports lotteries and sports real estates, among others. The Company mainly operates its businesses in domestic and overseas markets.
China Sports Industry Group Co., Ltd. announced that it has received CNY 537.125298 million in funding from Forever Premier Capital Management Limited, Huajian Sports Holding Group Co., Ltd, Knight Investment Management Co., Ltd., Yinhua Fund Management Co. Ltd., Fujian Surplus Asset Management Co., Ltd.