Suzhou Jinfu Technology Co., Ltd. announced that it expects to receive CNY 738 million in funding
December 12, 2021
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Suzhou Jinfu Technology Co., Ltd. announced that it will issue not more than 328,234,623 shares for gross proceeds of not more than CNY 738,000,000 on December 13, 2021. The issue price will be not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The shares issued will be subject to restriction period of 6 months from closing. The transaction has been approved at the 15th meeting of company's 5th directorate and is subject to approval from Companys Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.
Suzhou Jinfu Technology Co., Ltd., formerly Suzhou Jinfu New Material Co.,Ltd., is a China-based company principally engaged in the production and distribution of photoelectrical display thin film components. The Companyâs main products include back light modules (BLUs), liquid crystal modules (LCMs), photoelectrical display thin film components, testing tools and automatic equipment, heat insulation and shock-absorbing products and precision die cutting equipment, among others. The Company's products are mainly applied in laptops, liquid crystal display (LCD) monitors, LCD televisions, mobile phones, digital cameras, digital audio and video players, global position system (GPS) navigators and automobile displays, among others. The Company distributes its products in domestic market and to overseas markets.