Nanfang Shares (600250): Issue Of Shares To Purchase Assets And Raise Matching Funds Matters Approved By The SFC
Nanfang stock (600250.SH) announced that in November 28, 2019, the company received the reply issued by the China Securities Regulatory Commission on the approval of the Nanjing textile import and export Limited by Share Ltd to buy shares and raise matching funds to Nanjing Confucius Temple Cultural Tourism Group Co., Ltd. (SFC license No. [2019]2487), and approved your company to issue 37 million 816 thousand and 912 shares to Nanjing Confucius Temple Cultural Tourism Group Co., Ltd. to purchase related assets. Approval of your company's non-public offering shares to raise matching funds is not more than 80 million yuan. The reply is valid within 12 months from the date of issuance.
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