20 September 2018

Wantong Tech in 360 mln yuan share placement, filing says

Anhui Wantong Technology Co. Ltd. (002331.CN) plans to issue no more than 45 million new shares at no less than 8.35 yuan (US$1.37) a share in a private placement, the company said in a regulatory filing Wednesday. The proceeds, estimated at 360 million yuan, are intended for several projects involving smart transportation and port logistics software, the company said. The projects are expected to generate 499.5 million yuan in revenue and 78.59 million yuan in net profit every year. The company’s controlling shareholder and actual controller will not acquire the shares, the filing said. Wantong Technology is mainly engaged in computer information system integration and provision of technology services.

– Contact HKEJ at [email protected]



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