Shenglong Stock: issued 215 million shares at an issuing price of 7.82 yuan per share.
Shenglong Corporation announced that, after consultation between the issuer and the sponsor, the number of new shares to be issued this time is 215 million shares, all of which are publicly issued new shares, with no arrangement for the transfer of old shares. After this public offering, the company's total share capital will be 1.836 billion shares, and the number of shares issued this time accounts for approximately 11.71% of the total share capital after this public offering. The diluted static P/E ratio corresponding to the issue price of 7.82 yuan/share for the issuer in 2024 is 19.11 times, lower than the average static P/E ratios of 39.85 times for the same industry published by China Securities Index Co., Ltd in the past month and 27.4 times for the comparable listed companies in the same industry after deducting non-recurring gains and losses. However, there is still a risk of future decline in the issuer's stock price causing losses to investors.
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