Guizhou Space Appliance Co., Ltd. announced that it expects to receive CNY 1.46562 billion in funding
January 30, 2021
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Guizhou Space Appliance Co., Ltd. (SZSE:002025) announced a private placement of not more than 63,886,100 A shares for gross proceeds of not more than CNY 1,465,620,000 on January 31, 2021. The transaction will include participation from not more than 35 investors. The issuance price will be not lower than 80% of the average price of the company’s shares as of 20 trading days since issuance date. The company will issue not more than 30% of the total share capital prior to the transaction. The shares issues will have a hold period of 6 months from the date of closing. The transaction has been approved by the board of directors of the company at its 6th meeting of 6th directorate and is subject to shareholder and China Securities Regulatory Commission approvals.
Guizhou Space Appliance Co., LTD is principally engaged in the research, development, manufacture and sale of electronic components. The Company primarily offers relay series, including temperature relays, timing relays, special relays, counterbalance relays sealed electromagnetic relays and solid state relays; connector series, including airproof connectors, radio frequency (RF) coaxial connectors and optical fiber connectors, among others, as well as electrical motors, including servo motors, brushless direct current motors and direct current torque motors, among others. The Company's products are mainly applied in space, aviation, electronics, communications, industrial control, precision instruments, ships, satellites and other industries. The Company distributes its products throughout China.
GUIZHOU SPACE APPLIANCE CO., LTD 
