The company organized physical examinations and psychological consultations for the children and parents involved, and 98 took the examination over the weekend.
The company plans to issue up to 1.97 billion A-shares, which will account for 10 percent of its total shares after the issue, at a price yet to be determined, the preliminary prospectus showed. There will be no transfer of old shares at the IPO.
The company said it will spend billion or more — the predicted operating profit for its entire coming quarter — just on COVID-19-related expenses, such as personal protective equipment, cleaning facilities, higher wages for hourly teams and expanding its own COVID-19 testing capabilities.
The company's IPO roadshow will be launched in early September and investments banks responsible for its listing have already sent invitation to investors, people familiar with the matter said, according to a report by thepaper.cn.
The company's website shows that more than 600,000 electric vehicles have been registered on its car-sharing app.
The company plans to open 80 stores in China this year.
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The company said it only takes three months for its new restaurants to break even, according to the report.
The company said that between March 20 and April 30 it offered free engine oil to a total of 10,884 assisting medical professionals.
The company registered in January for this year's event in spite of the pandemic, said Kamran Vossoughi, president and CEO of Michelin Greater China.
The company is also speeding up the pace of innovation in its supply chain. Their advanced supply chain system and solutions, including data and intelligent supply, can respond to consumers more accurately and efficiently.