Jiantou Energy: Plans to raise no more than 2 billion yuan, all for the Xibaipo Power Plant Phase IV project

iDaily AI Express, April 7, JianTou Energy (000600.SZ) announced that the number of parties to this issuance shall not exceed 35, and the issuance price shall not be lower than 80% of the company’s average stock trading price for the 20 trading days prior to the pricing benchmark date. The number of shares to be issued shall not exceed 231 million shares, and the total fund-raising proceeds shall not exceed 2 billion yuan. After deducting issuance expenses, all of the proceeds are intended to be used for the Phase IV project of the Xibaipo power plant. After completion of this issuance, there will be no change to the controlling shareholder and the actual controller. The shares subscribed by the issuance parties may not be transferred within 6 months from the end of the issuance. This issuance still needs to be implemented after obtaining the CSRC’s approval of the registration documents.

Daily Economic News

(Editor: Liu Chang)

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