Xiamen Silan Jike Microelectronics Co., Ltd. announced that it expects to receive CNY 500 million in funding from Hangzhou Silan Microelectronics Co., Ltd, Xiamen Semiconductor Investment Group Co., Ltd.
June 03, 2021
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Xiamen Silan Jike Microelectronics Co., Ltd. announced that it has entered into capital increase agreement for a private placement of common shares for gross proceeds of CNY 500,000,000 on June 4, 2021. The transaction will include participation from returning investors Hangzhou Silan Microelectronics Co., Ltd for CNY 75,000,000 and Xiamen Semiconductor Investment Group Co., Ltd. for CNY 425,000,000. As a result, company's registered capital will increase from CNY 2,500,490,000 to CNY 3,000,490,000. The transaction has been reviewed and approved at the twentieth meeting of the seventh board of directors of Hangzhou Silan Microelectronics Co., Ltd. Upon completion, Hangzhou Silan Microelectronics Co., Ltd will continue to hold 15% and Xiamen Semiconductor Investment Group Co., Ltd. will continue to hold 85% stake in the company.
Hangzhou Silan Microelectronics Co., Ltd. is a China-based company principally engaged in the design, manufacture and sales of electronic components. The Company is also engaged in the importing and exporting of mechanical and electrical products. The Company's main products include integrated circuits, semiconductor discrete devices and light-emitting diode (LED) products. The Company mainly operates its businesses in Zhejiang Province, China.
Xiamen Silan Jike Microelectronics Co., Ltd. announced that it expects to receive CNY 500 million in funding from Hangzhou Silan Microelectronics Co., Ltd, Xiamen Semiconductor Investment Group Co., Ltd.
HANGZHOU SILAN MICROELECTRONICS CO.,LTD 
