CPT Technology Co.,Ltd announced that it expects to receive CNY 2.8 billion in funding from Fujian Electronics & Information Co.,Ltd, and other investors
April 14, 2021
Share
CPT Technology (Group) Co.,Ltd announced a private placement of not more than 829,809,840 A shares at an issue price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 2,800,000,000 on April 15, 2021. The transaction will include participation from not more than 35 specific investors including Fujian Electronics & Information (Group) Co.,Ltd with a subscription to not less than 10% of the issuance. The shares issued to Fujian Electronics & Information (Group) Co.,Ltd will have a lock-up period of 18 months while for other investors it will be 6 months from the issuance closing date. The transaction has been approved in the 32nd meeting of the company's 8th directorate, and is subject to the approvals of the shareholders at the general meeting and the China Securities Regulatory Commission.
On April 22, 2021, the company announced that the transaction has been approved by the investor, Fujian Electronics & Information (Group) Co.,Ltd.
CPT Technology Group Co Ltd is a China-based company principally engaged in the research and development, production and sales of display panels and display modules. The Company operates three segments. The Module segment mainly produces small and medium-sized display module products. The Panel segment mainly produces small and medium-sized display panels. The Antibacterial Products segment is mainly engaged in the provision of antibacterial glass and other products. The Company's products are primarily used in notebook computers, tablet computers, smartphones, Point of sales (POS), industrial control screens and other fields. The Company mainly conducts its businesses in the domestic market.
CPT Technology Co.,Ltd announced that it expects to receive CNY 2.8 billion in funding from Fujian Electronics & Information Co.,Ltd, and other investors