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Zhengzhou Another Enterprise Sprints for Beijing Stock Exchange IPO! Proposing 400,000 Carat Diamond Cultivation Project

  • Friday, 24 June 2022
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On March 29, Henan New Third Board enterprise Funik announced that it intends to apply to unspecified investors for public offering of shares and listing on the Beijing Stock Exchange. The proposal has been considered by the board of directors and still needs to be considered and approved by the general meeting of shareholders.

In this IPO, Funik intends to issue no less than 1 million shares and no more than 20 million shares to unspecified qualified investors. If the over-allotment option is adopted, the number of shares to be issued shall not exceed 23 million shares. The reserve price of the issue is 9.80 CNY/share, and the raised funds are intended to be used for the construction of a high-grade diamond cultivation project with an annual output of 400,000 carats. (Source: Dahe Cai Cube)

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