Ge Longhui, December 17 | REPT BATTERO (00666.HK) announced that the company and Zhejiang Zhongli Machinery Co., Ltd. (“Zhongli”) have entered into a share subscription agreement relating to strategic placement. According to this, Zhongli shares conditionally agreed to issue to the company and the company conditionally agreed to participate in the strategic placement to subscribe for 1,476,377 shares in the initial public offering of A-shares (“A-share IPO”) of Zhongli shares. The subscription price is RMB 20.32 per share, with a total subscription amount of RMB 29,999,980.640.640.64.
After the subscription is completed, the company will hold about 0.37% of the total issued shares of Zhongli shares after expansion. The shares issued by Zhongli in the A-share IPO will be listed on the Shanghai Stock Exchange. The sales limit period for subscribed shares is 12 months from the date of the A-share IPO and listing of Zhongli Co., Ltd. After the sales restriction period expires, the company applies the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange to reduce the share holdings of subscribed shares.
