Zhejiang Orient Financial Holdings Group Co., Ltd. announced that it expects to receive CNY 2.9274285 billion in funding
January 18, 2021
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Zhejiang Orient Financial Holdings Group Co., Ltd announced a private placement of up to 535,713,199 A shares for gross proceeds of not more than CNY 2,927,428,500 on January 19, 2021. The transaction will include participation from not more than 35 specific investors. The issuance price will be not lower than 80% of the average price of the company’s shares as of 20 trading days since issuance date. The transaction was approved by the board of directors of the company at its third meeting of the ninth directorate, approved by shareholders and China Securities Regulatory Commission.
Zhejiang Orient Financial Holdings Group Co Ltd, formerly ZHEJIANG ORIENT HOLDINGS CO., LTD, is a China-based company principally engaged in the wholesale and retail trading business. The Company operates through Commodity Circulation segment, Similar Financial segment and Real Estate segment. Commodity Circulation segment is involves in the import and export trading and domestic trading, with knitted apparels, woven apparels, home textiles, apparels, shoes and boots as export goods , as well as steel, nonferrous metals, pulp, chemical products and food as domestic trading goods. Similar Financial segment finance leasing, direct investment and fund management. Real Estate segment mainly involves in the sale of Xindilangjun, Baicuizhuang and Junlange projects.