Guangdong Sky Dragon Printing Ink Group Co., Ltd. announced that it expects to receive funding
December 09, 2019
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Guangdong Sky Dragon Printing Ink Group Co., Ltd. (SZSE:300063) announced a private placement of common shares on December 10, 2019. The transaction will include participation from not more than 5 designated investors. The company will not raise more than 20% of its issued share capital in the transaction. The issue price for the shares to be issued in the transaction shall not be lower than 90% of the average stock price 20 trading days before the pricing reference date or not lower than 90% of the average stock price 1 trading day before the pricing reference date. All securities issued in the transaction will have a lock-up period of 12 months. The transaction has been approved by the board of directors in its 8th meeting of the 5th directorate. The transaction is subject to approval from board of director's of the company, shareholders of the company and China Securities Regulatory Commission.
Guangdong Tloong Technology Group Co Ltd, formerly Guangdong Sky Dragon Printing Ink Group Co Ltd, It is a China-based company mainly engaged in Internet marketing services and fine chemical product manufacturing. The Company is engaged in three businesses. Internet marketing is mainly engaged in Internet advertising agency business, providing advertisers with services such as media sourcing, full case planning, short video production, consulting placement and technical support. Ink chemical is mainly engaged in the production and sales of environmentally friendly inks. Its products include water-based inks, environmentally friendly solvent inks, water-based resins and water-based varnishes. Forest chemicals is mainly engaged in the production and sales of rosin, turpentine, and disproportionated rosin, terpineol, pinene, myrcene and other deep-processed forest products. The Company conducts its businesses within the China market and to overseas markets.