Sanlux Co.,Ltd announced that it expects to receive CNY 725 million in funding
May 25, 2023
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Sanlux Co.,Ltd announced a private placement of not more than CNY 218,877,852 A shares for gross proceeds of not more than on CNY 725,000,000 May 26, 2023. The transaction included the participation from not more than 35 investors. The company will issue the shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The Investment shall not be transferred within 6 months from the date of completion of the issuance.
On May 31, 2023, the company announced that the transaction has been Approved from the Shenzhen Stock Exchange.
On July 8, 2023, the company announced that the transaction has been approved by China Securities Regulatory Commission and it's valid for 12 months.
Sanlux Co., Ltd is a China-based company, principally engaged in the manufacture and distribution of rubber V-belts, conveyor belts, synchronous belts and others. The Company's main products include industrial V-belts, agricultural V-belts, automotive V-belts, conveyor belts and industrial synchronous belts. Its products are applied in industry, agriculture, automobile manufacturing and other fields. The Company distributes its products within domestic market and to overseas markets.
SANLUX CO.,LTD 
