Ocean's King Lighting Science & Technology Co., Ltd. announced that it has received CNY 135.66 million in funding from Chongqing Zhongxin Rongchuang Investment Co., Ltd., Shenzhen Yuanzhi Ruixin Equity Investment Management Co., Ltd.
June 10, 2020
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On June 11, 2020, Ocean's King Lighting Science & Technology Co., Ltd. (SZSE:002724) closed the transaction. The company has issued 23,032,258 shares at a price of CNY 5.89 per share for gross proceeds of CNY 135,659,999.62 in the transaction. The transaction included participation from Chongqing Zhongxin Rongxin Investment Center (Limited Partnership), a fund managed by Chongqing Zhongxin Rongchuang Investment Co., Ltd. subscribing 8,488,964 shares for CNY 49,999,997.96 and Shenzhen Yuanzhi Huaxin Emerging Industry Equity Investment Fund Partnership Ent (L.P.), a fund managed by Shenzhen Yuanzhi Ruixin Equity Investment Management Co., Ltd. subscribing 14,543,294 shares for CNY 85,660,001.66 subject to hold period of 6 months. Out of total proceeds CNY 23,032,258.00 is included in the share capital and rest was included in capital reserve. The company has completed the issue of matching funds for non-public offering of shares, and received the Confirmation of Acceptance of Share Registration Application by Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.
Ocean's King Lighting Science & Technology Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sale of special ambient lighting equipment, as well as the provision of related services. The Company's main products include fixed lighting, mobile lighting and portable lighting. The Company's products are mainly used in electric power, metallurgy, railway, oil field, petrochemicals, public security, fire protection, coal, military, port, venue, civil aviation, shipbuilding and machinery manufacturing industries. The Company distributes its products mainly in domestic market.
Ocean's King Lighting Science & Technology Co., Ltd. announced that it has received CNY 135.66 million in funding from Chongqing Zhongxin Rongchuang Investment Co., Ltd., Shenzhen Yuanzhi Ruixin Equity Investment Management Co., Ltd.