Nanfang Black Sesame Group Co., Ltd. announced that it expects to receive CNY 349.999998 million in funding from Guangxi Rongxian Coastal Real Estate Development Co., Ltd, Guangxi Havle Foodstuff Group Co., Ltd.
July 29, 2021
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Nanfang Black Sesame Group Co., Ltd. announced that it has entered into subscription agreement for a private placement of is not more than 134,615,384 class A common shares at a price of CNY 2.60 per share for gross proceeds of CNY 349,999,998 on July 30, 2021. The transaction will include participation from Guangxi Rongxian Coastal Real Estate Development Co., Ltd. The shares subscribed must not be transferred within 36 months after the issuance completion date. The transaction was approved by the 3rd session of the company’s 10th directorate for 2021 and still needs to be approved by the company’s shareholders’ meeting and China Securities Regulatory Commission.
NANFANG BLACK SESAME GROUP CO., LTD. is a China-based company principally engaged in the production and sales of healthy foods. The Company's principal products include black sesame paste products, light fat drinks, selenium-enriched rice, natural rolled oats and health coarse grains. The Company is also engaged in the bulk agricultural warehousing logistics business. The Company mainly operates its business in the domestic market.
Nanfang Black Sesame Group Co., Ltd. announced that it expects to receive CNY 349.999998 million in funding from Guangxi Rongxian Coastal Real Estate Development Co., Ltd, Guangxi Havle Foodstuff Group Co., Ltd.