Dr. Peng Telecom & Media Group Co., Ltd. announced that it expects to receive CNY 6 billion in funding from Ever-Rising Group, Beijing Tonglingtong Telecommunications Technology Co., Ltd.
January 19, 2017
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Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) announced that it has entered into conditional share subscription agreement for a private placement of not more than 302,571,860 A shares at CNY 19.83 per share for gross proceeds of up to CNY 6,000,000,000 on January 20, 2017. The transaction will include participation from existing investors Ever-Rising Group for 151,285,930 shares and Beijing Tonglingtong Telecommunications Technology Co., Ltd. for 151,285,930 shares. The transaction has been approved at 19th session of the 10th directorate meeting of the company. The shares will not be transferrable within 36 months from the closing date of this issuance. The transaction needs approvals from the shareholders’ meeting of the company and the China Regulatory Securities Commission.
Dr.Peng Telecom & Media Group Co Ltd is a China-based company principally engaged in the provision of Internet access and value-added services. The Company operates through four segments. The Smart Cloud Network Business segment focuses on the digital transformation market of small and medium-sized enterprises, providing them with a one-stack solution of Cloud + Network + Application + Service. The Data Center Business segment provides data center services. The Home Broadband and Value-added Business segment provides related Internet access services to households and government enterprises. The Industrial Internet and Digital Economy Industrial Park Business segment provides industrial Internet architecture solutions for traditional enterprises. The Company conducts its businesses in domestic market and overseas markets.
Dr. Peng Telecom & Media Group Co., Ltd. announced that it expects to receive CNY 6 billion in funding from Ever-Rising Group, Beijing Tonglingtong Telecommunications Technology Co., Ltd.