712 : La filiale en propriété doit envisager une émission publique d'actions sur le marché de Beijing et être cotée

Mars Finance News, April 22 — Qiyi 712 announced that its controlling subsidiary, Tianjin Qiyi 712 Mobile Communication Co., Ltd. (, referred to as “Jinyi Communication” ), plans to publicly issue shares to unspecified qualified investors and list on the Beijing Stock Exchange. Jinyi Communication plans to issue no more than 50,666,667 shares ( excluding over-allotment options ), with the total funds raised, after deducting issuance costs, to be invested in specialized communication equipment research and development, headquarters base construction, and dedicated communication equipment production line construction for rail transit, among other projects, totaling 400 million yuan. After this issuance and listing, Qiyi 712 will remain the controlling shareholder of Jinyi Communication, which will be included in the company’s consolidated financial statements. This matter has been approved by the company’s board of directors and still requires submission to the company’s annual shareholders’ meeting for approval. The announcement reminds that there is a risk that this issuance and listing application may not pass review or registration, as well as the risk of failure of the public offering. (Company Announcement)