Guangdong Silver Age Sci & Tech Co., Ltd. cancelled the transaction announced on November 4, 2014.
January 23, 2015 at 11:00 pm EST
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Guangdong Silver Age Sci & Tech Co., Ltd. (SZSE:300221) announced a private placement of 3,690,000 A shares of common stock at a price of CNY 13.54 per share for gross proceeds of CNY 49,962,600 on November 4, 2014. The transaction will include participation from Tan Songbin and Lin Dengcan for 3,090,000 shares and 600,000 shares respectively. The transaction has been approved in the 6th meeting of the 3rd directorate and the 5th meeting of the 3rd supervisory board of the company. The transaction is subject to the approval of the shareholders and the China Securities Regulatory Commission. The shares issued to Tan Songbin will be subject to a hold period of 36 months and those issued to Lin Dengcan will be subject to a hold period of 12 months.
On December 26, 2014, the company announced that it transaction has been approved at its 5th Extraordinary General Meeting of 2014.
On January 24, 2015, Guangdong Silver Age Sci & Tech Co., Ltd. cancelled the transaction. The cancellation was approved in the 9th meeting of the 3rd directorate of the company.
Guangdong Silver Age Sci &Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new polymer materials. The Company's business includes polymer modified plastics, smart lighting, 3D printing materials and precise chemicals. The Company's main products are modified plastics, consumer smart set light strips, lamps, silicone neon light strips, holiday light strings, cabinet lights, bathroom space lighting and bathroom waterproof light strips. The Company mainly conducts business in domestic and foreign markets.
GUANGDONG SILVER AGE SCI & TECH CO.,LTD. 
