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Xilinmen: Intends to issue 66,354,400 A-share stocks to Xinhong for investment
On October 13th, Jinshi Data announced that the company plans to issue 66.35 million shares of A-shares to Anhui Xinhong Equity Investment Co., Ltd., accounting for 17.51% of the total share capital before this issuance, which does not exceed 30% of the total share capital before this issuance. The issuance price is 12.81 yuan per share. Xinhong Investment is a wholly-owned subsidiary of Huayi Intelligent Manufacturing, the controlling shareholder of the company, and this issuance constitutes a related transaction. The raised funds will be used for the Xilinmen Smart Home Industrial Park Project (Phase II) and supplementary working capital.