Up To 1.3 Billion Yuan Can Be Raised By Fuguiniao In Shanghai

With the recovery of China's clothing market, the chairman of Fuguiniao group proposed to go to Shanghai to offer shares. In Shanghai, Fuguiniao group can raise up to 1.2 billion yuan.

　　 Rich and noble bird It was announced that yesterday (26th), the board of directors decided to apply for the company's initial public offering of a shares and listing on the Shanghai Stock Exchange. The total number of a shares to be issued will not exceed 236 million A shares , equivalent to 17.65% of the issued share capital and 15% after expansion. China Merchants Securities is the main underwriter. The issuance of a shares can only be implemented after obtaining the approval of the CSRC and other relevant regulatory agencies.

The company said it expected to further enhance its brand awareness, optimize its corporate governance structure, develop domestic and overseas financing platforms, and improve the liquidity of its shares through the issuance of a shares.

According to the relevant national industrial policies and the development needs of the company's business operation, the fund-raising income will be used for the upgrading and expansion of the group's marketing channels, the upgrading and reconstruction of the group's technology and production lines, and the upgrading and construction of the group's design and R & D Center. The total investment, raised funds and the amount to be used in A-share issuance will not exceed RMB 1.2 billion.

In addition, existing Domestic shares They will become listed a shares after the issuance of a shares, subject to a one to three-year lock up period.