FilingReader Intelligence

China Software establishes new accounts for raised funds

July 7, 2025 at 05:17 PM UTCBy FilingReader AI

China Software & Technology Service Co., Ltd. announced the establishment of new dedicated accounts for managing the proceeds from its recent A-share issuance, which was approved by the China Securities Regulatory Commission. The company raised a total of CNY 1,999,999,988.91 through the issuance of 90,130,689 shares at a price of CNY 22.19 per share, with net proceeds reaching CNY 1,993,086,375.12. To ensure proper oversight, China Software, its subsidiary Kirin Software, and CITIC Securities, the issuance's sponsor, have entered into four-party supervision agreements with the respective banks where the accounts are held: Agricultural Bank of China, China Merchants Bank, and China Minsheng Bank. These accounts are specifically earmarked for ongoing operating system and technology development projects.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

News Alerts

Get instant email alerts when China National Software & Service publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →