TPV Technology Co., Ltd. announced that it expects to receive CNY 1.91673 billion in funding
March 13, 2021
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TPV Technology Co., Ltd. (SZSE:000727) announced a private placement of not more than 1,358,870,094 A shares at a par value of CNY 1 per share for gross proceeds of CNY 1,916,730,000 on March 14, 2021. The transaction will include participation from not more than 35 investors. The issue price is not lower than 80% of the average price trading on the 20 trading days before the first day of the issuance period. The securities are subject to hold period of 6 months. The transaction was approved by the board of directors in Ninth Extraordinary Meeting of the Ninth Board of Directors, in tenth interim meeting of the ninth board of directors of the company, at the 10th meeting of the 9th Board of Directors of the company, at 12th extraordinary meeting of the 9th Board of Supervisors of the company; at the 10th meeting of the 9th Board of Supervisors of the company, approved by the counterparty's internal decision. The transaction is subjected to approval of State-owned Assets Supervision and Administration Commission of the State Council approval, shares holders, and China Securities Regulatory Commission.
On May 21, 2021, the company announced that it has received the "China Securities Regulatory Commission Administrative License Application Acceptance Form" issued by the China Securities Regulatory Commission (acceptance Serial number: 211039).
TPV Technology Co Ltd, formerly Nanjing Huadong Electronics Information & Technology Co Ltd, is a China-based company principally engaged in the research and development, manufacturing, sales and service of display products. The Company operates its businesses through three segments. The Display segment is engaged in the production of computer monitors, wide screens, curved surfaces, e-sports and commercial displays. The Television (TV) Segment develops smart TV technology based on market conditions and user needs, and provides smart TV products that meet the consumer's audiovisual experience. The Other Business segment is mainly engaged in the sales of audio-visual products, spare parts, phones, tablets and all-in-one computers. The Company distributes its products both in the domestic market and to overseas markets.