Beilu Pharma plans to raise no more than 300 million yuan through a simplified procedure for a private placement
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Beilu Pharma plans to issue shares to specific targets through a simplified procedure, raising no more than 300 million yuan. This issuance will be directed at no more than 35 specific targets, with the issuance price not lower than 80% of the average price of the 20 trading days prior to the pricing benchmark date. The raised funds will be used for the production workshop and intelligent comprehensive warehouse project of Luzhibao Pharmaceutical, technological transformation projects, and to supplement working capital
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