Profit Cultural and Creative Group Co., Ltd. announced that it expects to receive CNY 134.6172 million in funding from Nuode Asset Management Co., Ltd., Huatai Securities Co., Ltd., Caitong Fund Management Co., Ltd., CCB Fund Management Co., Ltd
March 17, 2022
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Profit Cultural and Creative Group Co., Ltd. announced a private placement of not more than 85,609,500 shares for gross proceeds of not more than CNY 134,617,200 on March 18, 2022. The transaction will include participation from not more than 35 investors. The issuance price is not less than 80% of the average price in the 20 trading days before the pricing reference date.
The transaction was approved by the board of directors of the company at its Annual General Shareholders Meeting of 2021 and was approved in the 12th Meeting of 4th Directorate and is subject to the approvals of the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The securities to be issued will have a hold period of 6 months from date of closing.
Profit Cultural and Creative Group Co Ltd is a company engaged in research, development and sales of cultural and creative furniture supplies. The Company's products are comprised of creative decorations, casual daily necessities and fashionable small furniture. The creative decoration products include festival decorations, daily decorations and garden decorations. The casual daily necessities products mainly include casual bags and casual shoes. The Companyâs products are manufactured by its commissioned factories based on original equipment manufacturer (OEM) model. The Company sells its products to both domestic and international markets, including Asia, Europe, America, Africa and Oceania.
Profit Cultural and Creative Group Co., Ltd. announced that it expects to receive CNY 134.6172 million in funding from Nuode Asset Management Co., Ltd., Huatai Securities Co., Ltd., Caitong Fund Management Co., Ltd., CCB Fund Management Co., Ltd
PROFIT CULTURAL AND CREATIVE GROUP CO., LTD. 
