SGSG Science&Technology Co., Ltd. Zhuhai announced that it expects to receive CNY 310 million in funding
September 09, 2021
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SGSG Science&Technology Co., Ltd. Zhuhai announced a private placement of not more than 98,455,766 A shares for gross proceeds of not more than CNY 310,000,000 on September 10, 2021. The transaction will include participation from not more than 35 investors. The issuance price shall not be less than 80% of the average price of the company’s stock trading on the 20 trading days before the pricing base date. The shares issued shall not be transferred within six months from the date of the end of the issuance. The transaction has been approved in the company’s 7th meeting of the 4th directorate meeting and is subject to approval from shareholder's of the company and from China Securities Regulatory Commission.
SGSG Science and Technology Co., Ltd. Zhuhai is a China-based company principally engaged in the development of software and the provision of system integrated information technology services. The Companyâs products include bank self-service equipment cash management systems, bank cash flow internal control systems, bank door-to-door service systems, bank seal management systems. The Company is also involved in the provision of related technical services. It products and services are mainly applied to domestic commercial banks. The Company mainly operates its business in domestic market, with South China, North China and East China as its major markets.