Litters fund raised to $65 million

Abstract: Beijing time January 31 Morning News, litters group in Friday to the United States Securities and Exchange Commission (SEC) submitted an updated IPO (initial public offering) prospectus documents. Documents show that the litters group plans to raise up to 65 million dollars through IPO transactions, higher than the original

Beijing time January 31 Morning News, litters group in Friday to the United States Securities and Exchange Commission (SEC) submitted an updated IPO (initial public offering) prospectus documents. Documents show that the litters group plans to raise up to 65 million dollars in IPO transactions, higher than the original prospectus of up to 40 million U.S. dollars.

Litters Group intends to enter the Nasdaq Global market, the stock code is "Wowo".

According to the original prospectus, Litters Group 2014 years ago 9 months net revenue of 20.642 million U.S. dollars, compared to the same period in 2013 for 27.633 million dollars, gross profit of 15.126 million U.S. dollars, compared to 2013 the same period of 22.894 million U.S. dollars, the net loss of 32.447 million U.S. dollars, compared with the 2013 net loss of 21.121 million U.S. dollars.

Prior to submitting the IPO prospectus, litters's directors and executive shares were as follows: The Chairman and CEO Xu Maodong beneficially held about 175 million shares, with a stake of 37.35%;xiaoyi Niu Beneficially holding about 80.54 million shares, with a stake of 17.19%;jianguang Wu beneficially holds about 38.12 million shares, with a stake of 8.13%;frank Zhigang Zhao Beneficially holding about 10.37 million shares, with a stake of 2.21% per cent. The total number of shares beneficially held by directors and executives of the litters group is about 312 million shares, with a total shareholding of 66.61% per cent.

Among the main shareholders, CDH Barley 2¥q beneficially holds about 80.54 million shares, the proportion of which is 17.19%;tianyou investment 2¥q beneficially holds about 47.42 million shares, holding a ratio of 9.94%.