Shenzhen AOTO Electronics Co., Ltd. announced that it has received CNY 204.999985 million in funding from Xiamen Cinda Information Technology Group Co., Ltd., Ningbo Hangzhou Bay New Area Muhe Property Co., Ltd., Shenzhen Yuanzhi Fuhai M&A Equity Investment Fund Partnership (Limited Partnership)
January 07, 2021
Share
On January 8, 2021, Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) closed the transaction. The company issued 39,423,074 shares at the price of CNY 5.2 per share for gross proceed of CNY 204,999,984.8. The transaction included participation from Shenzhen Yuanzhifuhai M&A Equity Investment Fund Partnership (Limited Partnership) which acquired 28,846,153 shares for CNY 149,999,995.60, Xiamen Cinda Information Technology Group Co., Ltd. which acquired 4,807,692 shares for CNY 24,999,998.40, Xie Kailiang which acquired 3,846,153 shares for CNY 19,999,995.60, and Ningbo Hangzhou Bay New Area Muhe Property Co., Ltd. which acquired 1,923,076 shares for CNY 9,999,995.20. The shares has lock up period of six months and will be listed on January 22, 2021. The net proceeds of the transaction would be CNY 200,096,755.73 of which the newly-added registered capital was 39,423,074 yuan and the newly-increased capital reserve was 160,673,681.73 yuan. Shenzhen Branch of China Securities Depository and Clearing Corporation Limited completed the transaction. The underwriting sponsorship fees were CNY 3,287,735.61, accountant fees were CNY 537,735.84, lawyer's fee were CNY 424.528.30, information disclosure fees were CNY 542,452.83, material production cost were CNY 23,584.91, share registration fee were CNY 37,191.58, stamp duty were CNY 50,000.00.
SHENZHEN AOTO ELECTRONICS CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of light-emitting diode (LED) applications and financial electronic products, as well as the provision of related services. The Company's main products include LED video display systems, LED information release and instruction systems, LED lighting products, electronic receipt systems and Liquid Crystal Display (LCD) advertising machines. The Company also provides related and software integration services. The Company's LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting. The Company's financial electronic products and services are mainly used in banking and telecommunications industries. The Company distributes its products in domestic and to overseas markets.
Shenzhen AOTO Electronics Co., Ltd. announced that it has received CNY 204.999985 million in funding from Xiamen Cinda Information Technology Group Co., Ltd., Ningbo Hangzhou Bay New Area Muhe Property Co., Ltd., Shenzhen Yuanzhi Fuhai M&A Equity Investment Fund Partnership (Limited Partnership)