Xiamen Silan Jike Microelectronics Co., Ltd. announced that it expects to receive CNY 885 million in funding from Huaxin Investment Management Co., Ltd., Hangzhou Silan Microelectronics Co., Ltd
February 21, 2022
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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 885,000,000 on February 22, 2022. The transaction will include participation from returning investors Hangzhou Silan Microelectronics Co., Ltd for CNY 285,000,000 and new investor National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., a fund managed by Huaxin Investment Management Co., Ltd. for CNY 600,000,000. As a result, company's registered capital will increase from CNY 3,000,490,000 to CNY 3,827,953,681. The transaction has to be reviewed and approved at the general meeting of shareholders of Hangzhou Silan Microelectronics Co., Ltd and internal authorities of Da Fund Phase II. Upon completion, Hangzhou Silan Microelectronics Co., Ltd will continue to hold 18.719% and Huaxin Investment Management Co., Ltd. will continue to hold 14.655% stake in the company. Of the total, CNY 827,463,681 will go to registered capital and remaining will go to capital reserve.
On March 9, 2022, the transaction has been approved by shareholders in the 1st special shareholders meeting for 2022 of investor.
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 885 million in funding from Huaxin Investment Management Co., Ltd., Hangzhou Silan Microelectronics Co., Ltd