Three Shenzhen-listed companies, namely Longping High-tech (000998.SZ), Yunnan Salt & Chemical Industry (002053.SZ) and Dalian Tianbao Green Foods (002220.SZ) announced on Wednesday that their private placement application had respectively been approved by the China Securities Regulatory Commission (CSRC), China's top securities regulator.
According to their company filing, Longping High-tech, Yunnan Salt & Chemical Industry, and Dalian Tianbao Green Foods plan to issue a maximum of 259 million A-shares, 93.3136 million A-shares, and 110.30 million A-shares to raise 3.077 billion yuan, 924 million yuan and 799.713 million yuan respectively via private placement.
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