Longsys (江波龙) completed a 3.7 billion yuan private placement, issuing 6.6071 million shares at 560 yuan each.

Longsys (江波龙) announced that it had completed a private placement to designated investors. The company issued 6.6071 million shares at 560 yuan per share.

Gross proceeds were 3.7 billion yuan, while net proceeds after issuance expenses were 3.668 billion yuan. The difference between the two figures represents disclosed transaction expenses rather than additional capital raised.

The final placement involved 21 investors, including E Fund Management, Jin Changjiang, Zhao Qixiang, and He Wei. All shares issued through the placement are subject to a six-month lockup period.