Leyard issued a listing announcement for the non-public issuance of new shares yesterday evening. The announcement stated that 52,816,901 new shares were added in this non-public issuance, and the total funds raised from the issuance were 1,499,999,988.40 yuan. After deducting issuance expenses (including underwriting fees, sponsorship fees, lawyer fees, capital verification fees, etc.) 22,369,999.86 Yuan later, the actual raised funds were 1,477,629,988.54 yuan, and will be listed on the Shenzhen Stock Exchange on September 8, 2016.
The announcement stated that in this issuance, the five issuance targets are CRRC Financial Securities, Caitong Fund, China Universal Fund, Prudential Fund, and Huatai-PineBridge Fund. The stock subscription period is 12 months from the date of listing of the new shares, and the expected listing and circulation time is September 8, 2017. According to the relevant business rules of the Shenzhen Stock Exchange, the company's stock price will not be ex-rights on September 8, 2016 (i.e., the listing date). The price of this non-public offering is 28.40 yuan/share.
The announcement pointed out that the investment projects raised this time will closely focus on the company's main business, comply with relevant national industrial policies, and have good development prospects and economic benefits. After the completion of this non-public issuance of shares and the investment of the raised funds, especially after the completion of the merger and acquisition of PLANAR, the overseas business scale has expanded rapidly, and the company's business scale will also be doubled; in addition, the improvement of PLANAR's existing marketing channels and the company's marketing network will also promote the further development of the company's global market business, especially the overseas market business; the construction of the LED application industrial park expansion project and LED The construction of the international industrial park provides production capacity guarantee for the company's global market expansion; the innovation project of the R&D center provides support for the company to continue to maintain its technological competitive advantage.
ANNA