Beijing BDStar Navigation Co., Ltd. announced that it has received CNY 756.999827 million in funding from Huarong Ruitong Equity Investment Management Co., Ltd., Jiaxing Haisong Xingming Equity Investment Partnership (Limited Partnership), Chongqing Xingchi Industrial Co., Ltd, Caitong Fund Management Co., Ltd.
October 24, 2020
Share
On October 25, 2020, Beijing BDStar Navigation Co., Ltd. (SZSE:002151) closed the transaction. The company issued 16,388,825 shares at a price of CNY 46.19 per share for gross proceeds of CNY 756,999,827. The transaction included participation from Huarong Ruitong Equity Investment Management Co., Ltd. for 2,164,970 shares for proceeds of CNY 99,999,964.30, Jiaxing Haisong Xingming Equity Investment Partnership (Limited Partnership) for 8,638,233 shares for proceeds of CNY 398,999,982.27, Chongqing Xingchi Industrial Co., Ltd for 324,745 shares for proceeds of CNY 14,999,971.55, Caitong Fund Management Co., Ltd. for 930,937 shares for proceeds of CNY 42,999,980.03, Shanghai Yongjin Investment Management Co., Ltd.-Yongjin Yongfa Value Growth No. 1 Private Securities Investment Fund for 1,515,479 shares for proceeds of CNY 69,999,975.01, Xu Wei for 649,491 shares for proceeds of CNY 29,999,989.29 and Lin Liang for 2,164,970 shares for proceeds of CNY 99,999,964.30. The company has received net proceeds of CNY 746,025,096.23. The securities issued in the transaction have a hold period of 6 months.
Beijing BDStar Navigation Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of satellite navigation positioning products and other navigation products. Its main products include Global Navigation Satellite System (GNSS) chips, modules and board cards, navigation positioning antennas and microwave communication devices, among others. The Company is also engaged in the research and development, manufacture and distribution of automotive electronics and navigation products and automotive audio entertainment products, national defense equipment business, and industry application and operation services business. The Company conducts its businesses within domestic and overseas markets.
Beijing BDStar Navigation Co., Ltd. announced that it has received CNY 756.999827 million in funding from Huarong Ruitong Equity Investment Management Co., Ltd., Jiaxing Haisong Xingming Equity Investment Partnership (Limited Partnership), Chongqing Xingchi Industrial Co., Ltd, Caitong Fund Management Co., Ltd.
BEIJING BDSTAR NAVIGATION CO., LTD. 
