Jiangsu Lopal Tech Raises RMB1.88 Billion Through Targeted A-Share Issuance
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Jiangsu Lopal Tech Co. Ltd. has successfully raised RMB1.88 billion through a targeted issuance of 93,115,403 ordinary A shares at RMB20.19 each. The net proceeds amount to approximately RMB1.86 billion, with all shares subscribed in cash. The company has completed necessary registration and custody procedures, and the new shares will be tradable on the Shanghai Stock Exchange after the lock-up period. This capital raise aims to enhance Jiangsu Lopal Tech's funding capacity and market position.
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