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Grandway Advised Ligao Foods on Issuing Convertible Bonds to Unspecified Investors
On November 10, 2022, Ligao Foods Co., Ltd. (stock abbreviation: “Ligao Foods”, stock code: 300973) was approved by Shenzhen Stock Exchange for the issuance of convertible bonds to unspecified investors (“Issuance”).
Since its establishment in 2000, Ligao Foods has been deeply engaged in the field of bakery products, and is a large-scale food production enterprise integrating R&D, production and sales of bakery food ingredients and frozen bakery products. With strong technical R&D strength, Ligao Foods always adheres to the corporate mission of “Cultivating world cuisine, enriching good life”, ensures food safety, improves customer satisfaction. Ligao Foods is committed to becoming a world-class food company with 500 years of history.
The total proceeds from the Issuance will not exceed RMB 950,000,000, which will be used for the construction of the headquarters base of Ligao Foods (Phase I) and the replenishment of working capital. This Issuance project will help strengthen the company’s comprehensive competitiveness, enhance the market share of the company’s products and improve the overall profitability of the company.