Ningbo Ocean (601018.SH) subsidiary Ningbo Ocean's application for fixed increase was approved by the China Securities Regulatory Commission

Zhitong Finance App News, Ningbo Port (601018.SH) announced that Ningbo Ocean Transportation Co., Ltd. (“Ningbo Ocean”), the holding subsidiary of the company, plans to issue shares to specific targets and introduce strategic investors. The number of shares issued is 145 million shares, with an issue price of 753 yuan/share, and is estimated to raise a total capital of 1,095 million yuan. Of these, the company plans to use its own funds to participate in Ningbo Ocean's targeted offering. The number of shares issued by Ningbo Ocean is 72.7019 million shares, with a total subscription capital of 547 million yuan; strategic investors in the north Bay Port Co., Ltd. plans to use its own capital to subscribe for 72.7019 million shares, with a total subscription capital of 547 million yuan.

Ningbo Ocean recently received the “Approval of Ningbo Ocean Transportation Co., Ltd. to Register Issuance of Shares to Specific Targets” issued by the China Securities Regulatory Commission, agreeing to apply for registration to issue shares to specific targets.