Shanghai Shenda Co., Ltd announced that it has received CNY 869.33714 million in funding from Shanghai Shenda Co., Ltd.
July 21, 2021
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On July 22, 2021, Shanghai Shenda Co., Ltd closed the transaction. The company issued 255,687,394 shares at a price of CNY 3.40 per share for gross proceeds of CNY 869,337,139.60 in the transaction. The company incurred issuance expenses of CNY 5,579,836.38 and received net proceeds of CNY 863,757,304 in the transaction.
Shanghai Shenda Co Ltd is a China-based company mainly engaged in import and export trade, research, development and manufacturing of industrial textiles. The Company primarily conducts its business through three segments. The Trade Services segment is mainly engaged in import and export trade, mainly including textiles, home textiles and other import and export businesses. The Manufacturing Business segment is mainly engaged in the business of automotive interior and acoustic components, mainly including the manufacture of floor system products, acoustic component products, soft decoration products and other interior parts. The Headquarters and Properties segment is mainly engaged in the business of new textile materials, mainly including the development and research of flexible composite material products. Its main products include biogas membrane structures, architectural membrane structures, waterproof membranes, oil-proof barriers, inflatable materials and others.
SHANGHAI SHENDA CO., LTD 
