Beijing-Shanghai high-speed rail IPO to raise 30.6 billion
The issue price is set at 4.88 yuan / share on January 6
On January 3, the Beijing-Shanghai High-speed Railway issued the "IPO Public Announcement". According to the announcement, the total amount of funds raised by the company is expected to be 30.674 billion yuan. The announcement stated that the subscription for this issuance will be made online and offline on January 6, 2020 (T day), and there is no need to pay for subscription funds when applying. The funds raised by the Beijing-Shanghai High-speed Rail will be used to acquire 65.0759% of the equity of Beijing-Fujian Anhui Company after deducting the issuance expenses. The purchase consideration is 50 billion yuan. The difference between the purchase consideration and the raised funds will be resolved through self-raised funds.
Ministry of Finance of China Economic Net