Hefei Taihe Optoelectronic Technology Co., Ltd. announced that it expects to receive CNY 350.58 million in funding from UBS Group AG, China Asset Management Co., Ltd., Nuode Asset Management Co., Ltd., Founder H Fund Co., Ltd.
April 07, 2022
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Hefei Taihe Optoelectronic Technology Co., Ltd. announced a private placement of not more than 46,036,980 shares for not more than CNY 350,580,000 on April 8, 2022. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date to not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 8th meeting of the company's 4th directorate, and is subject to the approvals of the company's shareholders and the China Securities Regulatory Commission.
On June 9, 2022, the company announced that it has received approval for acceptance of the application of shares by the China Securities Regulatory Commission.
On September 5, 2022, the company announced that the private placement application has been approved by the the China Securities Regulatory Commission.
Hefei Taihe Intelligent Technology Group Co Ltd, formerly Hefei Taihe Optoelectronic Technology Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sales of intelligent sorter machines, industrial robots and automatic equipments. The Company operates through two main segments. The Intelligent Sorter Machines segment is primarily engaged in the manufacture of sales of rice sorter machines, other agricultural products sorter machines, industrial materials and products sorter machines. The Industrial Robots segment is primarily involved in the research, development and sales of industrial robots, among which the products include palletizing robots, pressing robots and automatic guided vehicle (AGV), among others.
Hefei Taihe Optoelectronic Technology Co., Ltd. announced that it expects to receive CNY 350.58 million in funding from UBS Group AG, China Asset Management Co., Ltd., Nuode Asset Management Co., Ltd., Founder H Fund Co., Ltd.