Jianghuai has secured a 3.5 billion yuan financing. Xiang Xingchu has previewed three new models of the Zunjie series, including MPVs and SUVs.

3.5 billion yuan! Jianghuai completed a large-scale capital increase, and a private equity tycoon became the eighth largest shareholder.

According to a report from CheDongXi on February 11th, today, Jianghuai Automobile issued several announcements in a row, confirming the completion of a fundraising of approximately 3.5 billion yuan, and the funds have all been in place.

▲ Jianghuai Automobile confirms the arrival of funds

According to the issuance report released by Jianghuai Automobile, Jianghuai Automobile issued 70.1684 million shares this time at an issue price of 49.88 yuan per share, with a total raised funds of approximately 3.5 billion yuan.

According to the official announcement, all the funds raised this time will be fully invested in the development project of the high-end intelligent electric platform, which may further promote the R & D and mass production of the luxury car brand "Zunjie" series models jointly developed by Jianghuai Automobile and Huawei.

▲ The funds are used for the development project of the high-end intelligent electric platform

It is worth noting that the issuance targets for this issuance of Jianghuai are determined to be 8, including Ge Weidong, known as the "private equity tycoon" and Fang Wenyan (the wife of Zhang Jianping, the "godfather of hot money"), two natural persons, each subscribing for approximately 1 billion yuan.