ShenGu Group Prices 1.37 Billion Yuan Shanghai IPO
MT Newswires Live
Sep 07
Equipment manufacturer ShenGu Group (SHA:601091) has priced its initial public offering on the Shanghai Stock Exchange, seeking to raise 1.37 billion yuan, according to a notice on the bourse Monday.
The company plans to issue 311.0 million shares at 4.39 yuan apiece.
Proceeds will fund green technology industrialization, research and development digitalization, clean energy factory upgrades, and a nuclear pump pilot base.
Subscriptions for the IPO will open on Tuesday.
China International Capital serves as lead underwriter, with Guotai Haitong Securities as joint lead underwriter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.