Hengrun plans to raise approximately RMB1.605 billion

Hengrun Shares announced on January 26 that the company intends to privately issue shares to Jining Urban Investment at a price of RMB26.Asian Metal Copyright After deducting the issuance costs, it plans to invest in the expansion project of large-scale finishing forgings with an annual output of 50,000t of 12MW offshore wind turbines, the project with an annual output of 4,000 sets of large-scale wind power bearing production lines, and the project of deep processing of gears with an annual output of 100,000t.Asian Metal Copyright24 (USD4.Asian Metal Copyright69% of the total share capital of the company after the issuance.Asian Metal Copyright06) per share, raising RMB1,604,628,480 (USD248,184,029).Asian Metal Copyright After the completion of the non-public issuance of shares, Jining Urban Investment will hold 73,382,400 shares of the listed company, accounting for 27.Asian Metal Copyright After deducting the issuance costs, it plans to invest in the expansion project of large-scale finishing forgings with an annual output of 50,000t of 12MW offshore wind turbines, the project with an annual output of 4,000 sets of large-scale wind power bearing production lines, and the project of deep processing of gears with an annual output of 100,000t.Asian Metal Copyright The controlling shareholder of the company will still be Jining Urban Investment, and the actual controller will remain Jining SASAC.Asian Metal Copyright After the completion of the non-public issuance of shares, Jining Urban Investment will hold 73,382,400 shares of the listed company, accounting for 27.Asian Metal Copyright After deducting the issuance costs, it plans to invest in the expansion project of large-scale finishing forgings with an annual output of 50,000t of 12MW offshore wind turbines, the project with an annual output of 4,000 sets of large-scale wind power bearing production lines, and the project of deep processing of gears with an annual output of 100,000t.Asian Metal Copyright69% of the total share capital of the company after the issuance.Asian Metal Copyright The controlling shareholder of the company will still be Jining Urban Investment, and the actual controller will remain Jining SASAC.Asian Metal Copyright The controlling shareholder of the company will still be Jining Urban Investment, and the actual controller will remain Jining SASAC.
.Asian Metal CopyrightHengrun Shares announced on January 26 that the company intends to privately issue shares to Jining Urban Investment at a price of RMB26Asian Metal Copyright