Sichuan Huati Lighting Technology Co.,Ltd. announced that it expects to receive CNY 300 million in funding
August 19, 2021
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Sichuan Huati Lighting Technology Co.,Ltd. announced a private placement of not more than 42,603,497 A shares for gross proceeds of no more than CNY 300,000,000 on August 20, 2021. The company will issue shares at a price of not lower than 80% of the median market price of the company’s shares as of 20 previous days to issuance date. The transaction will include participation from no more than 35 specific investors. The transaction has been approved by the board of directors of the company at its 4th meeting of the 4th directorate of the company. The transaction is subject to approval from company’s shareholders meeting and China Securities Regulatory Commission. The shares issued are subject to a hold period of 6 months from the date of issuance. The transaction will be valid for 12 months since approval from the shareholders’ meeting of the company.
SICHUAN HUATI LIGHTING TECHNOLOGY CO., LTD. is a China-based company principally engaged in the provision of integrated urban lighting services. The Company's main business includes the planning and design of urban lighting programs, the research, development and manufacture of lighting products, the project installation, the contract energy management, as well as the management, operation and maintenance of urban lighting facilities. The Company's main products include road lighting products, landscape lighting products and communication towers. The Company mainly operates its businesses in domestic market.