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Enpower Electric's GEM share issuance sponsorship concludes

May 8, 2025 at 05:22 PM UTCBy FilingReader AI

Northeast Securities Co., Ltd. has completed its sponsorship of Zhuhai Enpower Electric Co., Ltd.'s (SZSE:300681) issuance of A-shares to specific targets and listing on the GEM, with the continuous supervision period concluding on December 31, 2024. The share issuance involved 19,928,879 shares priced at CNY 48.99 per share, raising gross proceeds of CNY 976,315,782.21. After deducting issuance expenses of CNY 13,123,740.80, the net proceeds amounted to CNY 963,192,041.41. During the sponsorship, Northeast Securities oversaw Enpower Electric's regulatory compliance, information disclosure, and the management of raised funds. Key events included a change in the implementation location of the Zhuhai R&D center project and adjustments to the investment amount, as well as a delay in the implementation progress of certain other projects. The company received a regulatory letter from the Shenzhen Stock Exchange due to an error correction in its 2023 first-quarter report. Northeast Securities affirmed that Enpower Electric adhered to regulations concerning raised funds management.

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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