It was reported at noon on January 14 that the century-old Wufangzhai had a successful meeting. If the listing is successful, Wufangzhai will become the “first stock of Zongzi”.The 5th Issuance Review Committee meeting of the 18th Issuance Review Committee of China Securities Regulatory Commission in 2022 was held yesterday. The review results showed that Zhejiang Wufangzhai Industrial Co., Ltd. (referred to as “Wufangzhai”) was approved for the first time. This is the second company to attend this year.
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Wufangzhai plans to be listed on the main board of the Shanghai Stock Exchange. It is planned that the number of shares to be publicly issued does not exceed 25.1858 million shares, and the number of shares in the company’s public offering this time will account for no less than 25% of the total share capital after the issuance. This issuance is all new shares and does not involve public offering of shares by shareholders.
Wufangzhai plans to raise 1.056 billion yuan, which will be used for Wufangzhai Phase III Smart Food Workshop Construction Project, Wufangzhai Digital Industry Smart Park Construction Project, Wufangzhai R&D Center and Information Upgrade Construction Project, and Wufangzhai Chengdu Production Project Base upgrading and reconstruction projects and replenishment of working capital.
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