SYP's private placement has received approval from state-owned enterprises
SYP recently announced that it has received approval from the state-owned enterprise Shanghai Real Estate (Group) Co., Ltd., in principle agreeing to issue no more than 280,474,820 A shares to no more than 35 specific investors, raising a total of no more than RMB 300 million
According to the Zhitong Finance APP, SYP (600819.SH) announced that the company recently received the approval from the state-owned enterprise Shanghai Real Estate (Group) Co., Ltd. regarding the issuance of A-shares to specific objects by Shanghai SYP Glass Group Co., Ltd. (Hu Di Chan [2025] No. 77). Shanghai Real Estate (Group) Co., Ltd. has agreed in principle to the plan proposed by the board of directors of SYP to issue no more than 280,474,820 A-shares (including this number) to no more than 35 specific investors who meet the requirements of the China Securities Regulatory Commission, with a total fundraising amount not exceeding RMB 300 million (inclusive)
