ZJBC Information Technology Co., Ltd announced that it expects to receive CNY 1 billion in funding
August 30, 2020
Share
ZJBC Information Technology Co., Ltd announced private placement of not more than 280,887,334 A shares for gross proceeds of not more than CNY 1,000,000,000 on August 31, 2020. The issuance price shall not be less than 80% of the average price of the company’s stock on the 20 trading days before the pricing base date. The transaction will involve participation from not more than 35 specific investors. The transaction has been approved at the sixth meeting of the company's eighth board of directors in 2020. The transaction is subject to approval from the shareholders of the company, and from China Securities Regulatory Commission. All the securities issued in the transaction shall not be transferred within six months from the end of the issuance.
ZJBC Information Technology Co Ltd, formerly Maoye Communication and Network Co Ltd, is a China-based company principally engaged in information intelligent transmission business and communication network maintenance business. The Company conducts its business through three segments. The Mobile Information Transmission and Related Business segment is mainly responsible for sending triggered text messages such as identity verification, reminder notifications, and information confirmation, including text, picture, or voice format carriers. The Communication Network Maintenance and Related Business segment includes operation management and maintenance support of base stations, lines, broadband access, fixed telephone access and wireless local area networks (WLAN). The Company also engages in mobile Internet software development and application services through the Other segment. The Company operates its business mainly in domestic market.
ZJBC INFORMATION TECHNOLOGY CO., LTD 