Summary by Futu AI
SHANGHAI FUSTAR PHARMACEUTICALS (GROUP) CO., LTD. (“FUSTAR PHARMACEUTICALS”) ISSUED AN OVERSEAS REGULATORY NOTICE ON APRIL 12, 2024, MENTIONING THE SUMMARY REPORT OF THE COMPANY'S CONTINUING SUPERVISORY RECOMMENDATION FOR NON-PUBLIC ISSUANCE OF A SHARES ON THE SHANGHAI STOCK EXCHANGE. The IPO was completed in July 2022 with a total of 106,756,666 shares for a total raising of RMB448,378 million. Net fundraising was RMB445,619.87 million after deducting the issuance costs. The JSC acts as a sponsor and ends its continuous supervision period on 31 December 2023. The report states that Fustar Pharmaceuticals complies with the requirements in terms of fundraising use, information disclosure, internal control, etc., and no significant events have occurred. As of December 31, 2023, RMB 367,137.85 million has been used to raise funds. The remaining funds will continue to be used as planned, and the JSC will continue to fulfill its supervisory duties.