Qingdao TGOOD Electric Co., Ltd. announced that it expects to receive CNY 1 billion in funding from Goldman Sachs & Co. LLC, Morgan Stanley & Co. International Plc, Asset Management Arm, Penghua Fund Management Co. Ltd., Invesco Great Wall Fund Management Co. Ltd, Xuyong Jinduo Equity Investment Fund Management Co., Ltd., Shanghai Guotai Junan Securities Assets Management Limited
September 02, 2020
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Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) announced a private placement of not more than 299,271,022 common shares for gross proceeds of no more than CNY 1,000,000,000 on September 3, 2020. The company will issue shares at a price of not lower than 80% of the median market price of the company’s shares as of 20 previous days to issuance date. The transaction will include participation from no more than 35 specific investors. The transaction has been approved by the board of directors of the company at its 16th meeting of the fourth board of directors. The transaction is subject to approval from company’s shareholders meeting and submitted to the Shenzhen Stock Exchange for review and approval and registration with the China Securities Regulatory Commission. The shares to be issued are subject to a hold period of 6 months from the date of issuance.
Qingdao TGOOD Electric Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sale of unit power transformation and distribution products. The Companyâs main products include outdoor box electrical power equipment and indoor switch cabinets. The Company's products are mainly applied in railway, electrical power and coal industries. The Company is also involved in photovoltaic power generation project Engineering Procurement Construction (EPC), the manufacture and sale of new energy vehicle charging and replacement equipment and related products, the construction and operation of new energy vehicle charging stations, finance leasing and solid heat storage businesses.
Qingdao TGOOD Electric Co., Ltd. announced that it expects to receive CNY 1 billion in funding from Goldman Sachs & Co. LLC, Morgan Stanley & Co. International Plc, Asset Management Arm, Penghua Fund Management Co. Ltd., Invesco Great Wall Fund Management Co. Ltd, Xuyong Jinduo Equity Investment Fund Management Co., Ltd., Shanghai Guotai Junan Securities Assets Management Limited