Dongfang Electric completes A-share private placement, plans buyback
Dongfang Electric Corp (SSE:600875) announced the successful completion of its private placement of A-shares, raising gross proceeds of CNY 4,123,189,647.33 before expenses. The placement involved the issuance of 272,878,203 shares at CNY 15.11 per share to three specific investors: China Dongfang Electric Group, Huajian International Industry (Shenzhen) Co., Ltd., and China National Enterprise Mixed Ownership Reform Fund Co., Ltd. China Dongfang Electric Group has an 18-month lock-up period, while the remaining investors have a 6-month lock-up.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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