Optics Technology Holding Co.,Ltd announced that it expects to receive CNY 551.208 million in funding from Foshan Yuebang Investment Co., Ltd.
May 24, 2023
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Optics Technology Holding Co.,Ltd announced a private placement of not more than CNY 40,800,000 A shares at a price of CNY 13.51 per share for gross proceeds of not more than on CNY 551,208,000 May 25, 2023. The transaction included the participation from existing investor Foshan Yuebang Investment Co., Ltd. The transaction has been approved in the Shenzhen Stock Exchange, China Securities Regulatory Commission at the fifty-eighth meeting of the fourth board of directors of the company. The Investment shall not be transferred within 18 months from the date of completion of the issuance .The company has still needs to be approval from company's shareholder.
On the same day, the company announced that the transaction has been approved by the shareholders of the company in the 58th session of the company’s 4th directorate and the 44th session of the company’s 4th supervisory board.
Optics Technology Holding Co Ltd, formerly Harbin ZhongFei New Technology Co Ltd, is a China-based company mainly engaged in the production and sales of aluminum alloy materials and infrared optical and laser devices. The aluminum alloy materials products include aluminum alloy tubes, rods, profiles, wires and machined products. The infrared optical and laser device products include infrared optical materials, infrared optical systems, infrared detectors, crystals and crystal components, radiation medical detectors and others. The Company's products can be widely used in nuclear power, aerospace, weapons and ships, electronic information, rail transit and other fields. The Company's products are sold in domestic and foreign markets.
OPTICS TECHNOLOGY HOLDING CO.,LTD 
