Far East Corporation: Intends to issue A shares to specific targets to raise funds not exceeding 2 billion yuan.
Far East Stock Announcement, the company intends to issue A-shares to specific objects to raise funds not exceeding 2 billion RMB, the funds raised will be used for investment in the manufacturing project of AIDC synthetic optical fiber preforms and for supplementary working capital after deducting related issuance expenses. The number of shares issued to specific objects in this issue will not exceed 666 million, and the issuance price will not be lower than 80% of the average trading price of the company's stock in the 20 trading days before the pricing reference date. The issuance targets in this offer are no more than 35 specific investors. The specific issuance targets will be determined by the board of directors within the authorization scope of the shareholders' meeting based on the subscription situation of the issuance targets and in negotiation with the sponsoring institution after the approval of the Shanghai Stock Exchange and the registration approval of the China Securities Regulatory Commission for this issuance to specific objects.
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