Leshan Electric Power completes private A-share placement, raises RMB 200M

Leshan Electric Power (SSE:600644) successfully completed its private placement of A-shares to specific targets, raising a total of RMB 199,999,996.59 before expenses. The company issued 39,920,159 shares at a price of RMB 5.01 per share. Net proceeds after deducting issuance expenses of RMB 1,866,344.88 totaled RMB 198,133,651.71. The placement involved nine participating investors including asset management companies and investment funds. Shares issued are subject to a six-month lock-up period from the listing date. China Galaxy Securities served as the placement agent. The funds are intended to bolster the company's capital and support its core business operations. The completion of the issuance will not alter the company's controlling shareholder structure.