On February 1, 2021, Ningbo Tuopu Group Co., Ltd. (SHSE:601689) closed the transaction. The company issued 47,058,823 shares at an issue price of CNY 42.50 per share for gross proceeds of CNY 1,999,999,977.50 in the transaction. The transaction involved participation from Xinhua Asset Management Co., Ltd. for 11,764,705 shares for CNY 499,999,962.50, CITIC Securities Company Limited, Investment Arm for 7,976,007 shares for CNY 338,980,297.50, returning investor UBS AG for 5,764,705 shares for CNY 244,999,962.50 and ten other investors for 21,553,406 shares for CNY 916,019,755 in the transaction. The company paid CNY 430,000 for audit and capital verification fees, and CNY 47,058.82 for Information disclosure and registration custody fee. Post the closing, UBS AG will hold 5,773,943 shares and hold 0.52% stake in the company.
On February 23, 2021, the registration for the newly issued shares was completed at China Securities Depository and Clearing Co., Ltd.