Beijing E-Techstar Co.,Ltd. announced that it expects to receive CNY 574.35 million in funding from Beijing Dinghui Fuyi Investment Management Center (Limited Partnership), Changxing Songshan Hengtai Investment Partnership Enterprise (Limited Partnership), and another investor
January 19, 2017
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Beijing E-Techstar Co.,Ltd. (SZSE:300513) announced a private placement of 6,801,018 shares at a price of CNY 84.45 per share for gross proceeds of CNY 574,345,970.1 on January 20, 2017. The transaction will involve participation from Beijing Dinghui Fuyi Investment Management Center (Limited Partnership) for 2,368,245 shares for proceeds of CNY 200,000,000, Changxing Songshan Hengtai Investment Partnership Enterprise (Limited Partnership) for 852,568 shares for proceeds of CNY 72,000,000, and Su Jin Qian, General Manager for 3,580,205 shares for proceeds of CNY 35,802,050,000. The securities issued are subject to hold period of 36 months from date of issuance. The transaction has been approved at the partners meeting of Beijing Dinghui Fuyi Investment Management Center (Limited Partnership) and Changxing Songshan Hengtai Investment Partnership Enterprise (Limited Partnership). The transaction is subject to approval of shareholders of the company and China Securities Regulatory Commission.
Beijing E-techstar Co Ltd is a China-based company mainly engaged in the provision of information technology services for the power grid companies. The Company provides solutions for intelligent control center, as well as the comprehensive monitoring and production process management solutions in smart grid related fields. The Company aims to achieve effective management for grid companies in aspects of transmission, substation, distribution, electricity and scheduling by information technology means, such as platform, visualization and interactive. The Company's main customers are distributed in energy, communications, government, finance, transportation and other industries. The Company mainly conducts its businesses in the domestic market.
Beijing E-Techstar Co.,Ltd. announced that it expects to receive CNY 574.35 million in funding from Beijing Dinghui Fuyi Investment Management Center (Limited Partnership), Changxing Songshan Hengtai Investment Partnership Enterprise (Limited Partnership), and another investor