Suzhou Anjie Technology Co., Ltd announced that it expects to receive CNY 1.52 billion in funding
January 08, 2017
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Suzhou Anjie Technology Co., Ltd (SZSE:002635) announced a private placement of not more than 49,624,551 A shares at not lower than CNY 30.63 per share for gross proceeds of not more than CNY 1,520,000,000 on January 9, 2017. The transaction will include participation from not more than ten designated investors. The securities issued are subject to hold period of 12 months from the date of issuance. The transaction has been approved by the board of directors of the company at its 3rd directorate in its 7th meeting. The transaction is subject to a secondary approval from the board of directors of the company, shareholders’ approval at its 1st Extraordinary General Meeting of 2017 to be held on April 7, 2017, Ministry of Commerce approval, and the China Securities Regulatory Commission approval.
Suzhou Anjie Technology Co., Ltd is a China-based company principally engaged in the design, manufacture and distribution of functional components of consumer electronic products and new energy vehicles. The Companyâs main products include paste functional components, insulating functional components, buffering materials, shielding functional components, backlight materials, heat radiating functional components, conducting materials, optical adhesive films, decorative functional components, touch panels and window protection glass, among others. The Company distributes its products in domestic market and to overseas markets.
SUZHOU ANJIE TECHNOLOGY CO., LTD. 
