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RTNominal down0.118 -0.001 (-0.840%)

17/08/2021 11:38

Xinyang Maojian (00362) signs investment framework agreement

[ET Net News Agency, 17 August 2021] Xinyang Maojian Group Limited (00362) said it has
entered into a strategic investment framework agreement with Beijing Gaoya Investment
Management Limited (Gaoya Investment).
Gaoya Investment agrees to cooperate with the company and commits to make strategic
investments in the company to support the company's business development, subject to
compliance with the Hong Kong capital market regulations and certain conditions. Based on
the different stages of cooperation, it is expected that Gaoya Investment will make
strategic investment of not less than US$50 million to the company based on the market
situation and use of capital at the relevant time, including but not limited to debt and
equity investments, such as subscription and issuance of notes, bonds, convertible bonds,
and/or share placements. (RC)

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