Longnan Champion Asia Precision Circuit Co., Ltd. announced that it expects to receive CNY 183.9121 million in funding from Guangdong Champion Asia Electronics Co.,Ltd.
September 16, 2021
Share
Longnan Champion Asia Precision Circuit Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 183,912,100 on September 17, 2021. The transaction will include participation from returning investor Guangdong Champion Asia Electronics Co.,Ltd. As a result, company's registered capital will increase from CNY 150,000,000 to CNY 200,000,000, and the remaining will be Included in the capital reserve. The company will remain a wholly-owned subsidiary of the investor. The capital increase will be paid in installments. The transaction has been approved at the 35th meeting of the 2nd board of directors and the 33rd meeting of the 2nd board of supervisors. The transaction is within the deliberation authority of the company’s board of directors and does not need to be submitted to the company’s shareholders.
Guangdong Champion Asia Electronics Co Ltd is a company mainly engaged in research and development, production and sales of printed circuit boards (PCBs). The Companyâs primary products include multi-layer immersion gold boards, high-multilayer boards, multi-layer motherboards and double-sided general boards, which are used in consumer electronics, industrial control and medical, computer and network equipment, automotive electronics, security electronics, aviation aerospace and other areas. The Company is also engaged in production and sales of surface mounted technology (SMT) equipment and provision of complete machine services.
Longnan Champion Asia Precision Circuit Co., Ltd. announced that it expects to receive CNY 183.9121 million in funding from Guangdong Champion Asia Electronics Co.,Ltd.