China Marine Information Electronics Company Limited announced that it has received CNY 2.113002996 billion in funding from Shanghai Junmin Ronghe Industry Equity Investment Fund Partnership Enterprise (Limited Partnership), Guoxin Investment Co., Ltd., Guoxin Yangqi Operation Investment Fund Management Co., Ltd., National Military-Civilian Integration Industry Investor Fund Co., Ltd., Junmin Ronghe Development Industry Investment Fund (Limited Partnership)
February 12, 2020
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On February 13, 2020, China Marine Information Electronics Company Limited (SHSE:600764) closed the transaction. The company issued 78,961,248 A shares at a price of CNY 26.76 per share for gross proceeds of CNY 2,113,002,996.48. The company received net proceeds CNY 2,110,889,993.48 after deducting issuance cost of CNY 2,113,003. The transaction included participation from Shanghai Junmin Ronghe Industry Equity Investment Fund Partnership Enterprise (Limited Partnership) for 3,026,905 shares for CNY 80,999,977.80, Guoxin Investment Co., Ltd. for 30,269,058 shares for CNY 809,999,992.08, Guoxin Yangqi Operation (Guangzhou) Investment Fund (L.P.), a fund managed by Guoxin Yangqi Operation Investment Fund Management (Guangzhou) Co., Ltd. for 15,797,832 shares for CNY 422,749,984.32, National Military-Civilian Integration Industry Investor Fund Co., Ltd. for 26,130,533 for CNY 699,253,063.08 and Junmin Ronghe Development Industry Investment Fund (Limited Partnership) for 3,736,920 for CNY 99,999,979.20. The transaction has been approved by the State-Owned Assets Supervision and Administration Commission of the State Council, State Administration of Science, Technology and Industry for National Defense.
China Marine Information Electronics Company Limited is a China-based company principally engaged in the research, development and manufacture of electronic products and ballast water power supplies, as well as the provision of testing and testing services. The Companyâs main products include electronic products, such as underwater information transmission equipment, underwater weapon system special equipment, automotive electronic supporting products and electronic control products of cigarette machines, as well as ballast water supplies, such as a series of marine special power supply products. The Company also provides testing and testing services for related electronic equipment, which include technical services for the environment and reliability test of military electronic equipment and marine electrical equipment. The Company operates its businesses in domestic market.
China Marine Information Electronics Company Limited announced that it has received CNY 2.113002996 billion in funding from Shanghai Junmin Ronghe Industry Equity Investment Fund Partnership Enterprise (Limited Partnership), Guoxin Investment Co., Ltd., Guoxin Yangqi Operation Investment Fund Management Co., Ltd., National Military-Civilian Integration Industry Investor Fund Co., Ltd., Junmin Ronghe Development Industry Investment Fund (Limited Partnership)