Wang City Shares The Most Capital Raising 386 Million

Wang Cheng International

(2389) announced that the stock market will be issued at the ratio of 2 to 3, and the maximum 2 billion 576 million 600 thousand shares will be issued for the stock price of 0.15 yuan, which will be reduced by 35.6% yuan from the closing price of last Friday, and the fund raising will be up to 386 million yuan. The proceeds will be used to fully repay the shareholder loans, balance investment and develop the property development business of Jiangsu land, and the majority shareholder, chairman and executive director Wang Zhengchun will be the underwriter.

In addition, Wang City intends to set up 5 billion shares of unissued shares, the company's legal capital from 500 million to 1 billion yuan, and will each hand.

Maoye International

(848) it also announced the issuance of 126 million options to subscribe to 126 million shares to 411 people, of whom 6 million of the shares were awarded to a company director, 2.81 yuan per share, at the same level as last Friday's closing market price.