Newsletter summary

Lianhua supermarket announced that it had reached a share subscription agreement with Bailian Group to issue 3.Penn10500slammer3. 600 million new domestic shares at 1 yuan per share, which is expected to raise 360 million yuan.

Text of news flash

Lianhua supermarket reached a share subscription agreement with Bailian Group [Lianhua supermarket (hereinafter referred to as "the Company") reached a share subscription agreement with Bailian Group, which will issue no more than 360 million new domestic shares. Bailian Group has agreed to subscribe for these shares in cash. The subscription price for each new domestic share is set at RMB1.00, or about HK $1.10051, and the total amount of funds raised through the offering is expected to be about 360 million yuan. The signing of the subscription agreement marks the further deepening of cooperation between the two sides to jointly promote the development of the company. Details of the subscription agreement according to the announcement, the share subscription agreement signed between the company and the Bailian Group stipulates that the company shall subscribe for no more than 360 million new domestic shares in cash at a subscription price of RMB1.00 per new domestic shares. the total amount of funds raised is expected to be about 360 million yuan. The issuance of these new shares will broaden the company's capital structure and enhance the company's capital strength. The cooperation between Lianhua supermarket and Bailian Group looks forward to the signing of the share subscription agreement, which shows the determination of Lianhua supermarket and Bailian Group to further deepen cooperation. The cooperation between the two sides at the capital level is expected to bring broader development prospects for the company. Through the injection of capital, the company will further enhance market competitiveness, consolidate and expand market share. The focus of investors in the secondary market for investors in the secondary market, the signing of the share subscription agreement is a noteworthy investment opportunity. The funds raised by the company through the issuance of new shares will provide solid capital support for the future development of the company. At the same time, the shareholding of Bailian Group has also brought more opportunities for resource integration and development for the company. Investors can keep a close eye on the follow-up progress of the share subscription agreement and the investment opportunities it brings. DisclaimerPenn10500slammer3The information provided in this article is for reference only and does not constitute investment advice. Investors should conduct adequate research and evaluation independently before making investment decisions.