Hangzhou Silan Microelectronics Co., Ltd announced that it has received CNY 732 million in funding from Caitong Fund Management Co., Ltd., Shanxi Jichang Investment Co., Ltd., Xiamen Semiconductor Investment Group Co., Ltd., Huatai Insurance Group Co., Ltd., Fullgoal Fund Management Co., Ltd., Horizon Asset Management Co. Ltd.

On January 15, 2018, Hangzhou Silan Microelectronics Co., Ltd (SHSE:600460) closed the transaction. The company has amended the terms of the transaction. The company issued 64,893,614 shares at a price of CNY 11.28 per share for gross proceeds of CNY 731,999,965.92.

The transaction included participation from Caitong Fund Management Co., Ltd. for 83,999,994.24, Shanxi Jichang Investment Co., Ltd. for CNY 87,999,995.04, Xiamen Semiconductor Investment Group Co., Ltd. for CNY 239,999,991.60, Huatai Insurance Group Co., Ltd. for CNY 79,999,993.44, Fullgoal Fund Management Co., Ltd. for CNY 79,999,993.44, and Horizon Asset Management Co. Ltd. for CNY 159,999,998.16. The transaction was approved at the 16th session of the 6th directorate meeting.