Shenzhou Cell: Raises 892 million yuan in funding for specific targets, signs a three-party regulatory agreement.
Shenzhou Cell announced that the company issued 25 million shares to specific parties at a price of 36 yuan per share, raising a total of 900 million yuan. After deducting underwriting and issuance expenses, the net amount of funds raised is 892 million yuan. Recently, the company, the sponsoring securities firm China CITIC Securities, and the Beijing branch of Hangzhou Bank signed a "Regulatory Agreement for the Tripartite Supervision of Funds Raised for Specific Purposes", and the raised funds have been deposited into a special account for the purpose of supplementing working capital.
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