Shenzhen-listed Lvjing Holding Co., Ltd. (000502.SZ) was to conduct private placement to invest 10.05 billion yuan in 7 medical service projects.
According to the company, it would issue some 923 million shares via the private placement with the share price at no less than 10.89 yuan/share so as to raise 10.05 billion yuan The company estimated that the annual revenue of the 7 projects after completing would be 6.34 billion yuan with annual newly added net profit of 1.44 billion yuan, which could cast significant impact on the company's operating revenue.
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