Jinhao Announces Board Resolution for Private Placement of Ordinary Shares
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 21:22 (37h 22m after Collected)
Jinhao announced a board resolution on May 13 to issue up to 20,000,000 ordinary shares through a private placement. The potential subscribers include company insiders and related parties, such as Chairman Shi Hao-Ji, Directors Zeng Bo-Hu and He Zhao-Yang, and Golden AI Investment Co., Ltd. The funds raised will be used to enrich working capital, repay bank loans, and for reinvestment. The issuance price will not be lower than 80% of the reference price. The board is authorized to execute the issuance in up to three tranches within one year following shareholder approval.