Gansu Dunhuang Seed Group Co.,Ltd. announced that it expects to receive CNY 539.941527 million in funding from Jiuquan Iron and Steel Co., Ltd.
Gansu Dunhuang Seed Group Co.,Ltd. announced that it has signed conditional effective share subscription agreement with Jiuquan Iron and Steel (Group) Co., Ltd. for a private placement of not more than 158,340,624 A shares on August 30, 2020. As a part of the transaction, investor will acquire 23.08% stake in the company. The transaction is subject to the approval of China Securities Regulatory Commission.