Daqian plans to invest in Better Life through a private placement to raise no more than 850 million yuan
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According to the Zhitong Finance APP, Daqian has disclosed a plan to issue A-shares to specific targets for the year 2025. The company intends to issue shares to Better Life Investment at a price of 25.46 yuan per share. Better Life Investment plans to subscribe for no more than 33.3857 million A-shares (including this number) in cash. The total amount of funds to be raised from this issuance to specific targets is not expected to exceed 850 million yuan, and after deducting issuance costs, it is intended to be used entirely to supplement working capital
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