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Gu Yue Longshan intends to issue non-public shares, which has been approved by Zhejiang SASAC


Gu Yue Longshan intends to issue non-public shares, which has been approved by Zhejiang SASAC
On March 13, Zhejiang Guyue Longshan Shaoxing Liquor Co., Ltd. (hereinafter referred to as the “Company”) issued an announcement that the non-public offering of shares was approved by the Zhejiang Provincial SASAC.According to the announcement, recently, the company received the “Response of the Zhejiang Provincial SASAC on the Non-Public Issuance of A Shares of Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd.” (Zheguo Asset Right[2020]No. 6), and agreed to the company’s non-public issuance of AStock plan.According to public information, from 2016 to 2018, the production volume of Guyue Longshan rice wine was 13, respectively.730,000 kiloliters, 11.98 million kiloliters, 14.260,000 kiloliters.The company believes that its rice wine production capacity has basically reached a relatively high production capacity and limited room for growth.Therefore, in order to increase production capacity, the company issued the “Announcement on Resolutions of the Fourteenth Meeting of the Eighth Session of the Board of Directors” on February 25, 2020, stating that it intends to issue A shares in a non-public offering, with an amount of approximately 1.62 ordinary shares of RMB, the amount of funds raised is 11.4.2 billion yuan.The funds will be used for the construction of the Yellow Wine Industrial Park Project (Phase I).After the completion of the rice wine industrial park, it will annually produce 100,000 kiloliters of mechanized rice wine, and has a small packaging filling capacity of 120,000 kiloliters of rice wine per year.This non-public offering is intended to replace specific strategic investors, namely Shenzhen Qianhai Furong Asset Management Co., Ltd. and Zhejiang Yingjia Technology Co., Ltd.Qianhai Furong plans to subscribe for 7.9.1 billion, accounting for 11 of the total share capital.55%; Yingjia Technology intends to subscribe3.5.1 billion yuan, accounting for 5.12%.Zhejiang Guyue Longshan Shaoxing Liquor Co., Ltd. China Shaoxing Rice Wine Group Co., Ltd. initiated and established a listed company and is also a leading company in the rice wine industry.The initial public offering of shares went public in May 1997.After the completion of the Huangjiu Industrial Park Project (Phase I), it will further consolidate the industry categories of its listed companies to meet the growing demand for corporate sales.Sauna, Ye Wang Xu Jingjing Editor Li Yang proofreading Li Shihui