Shen Zhen Australis Electronic Technology Co.,Ltd. announced that it has received CNY 519.999995 million in funding from Nuode Asset Management Co., Ltd., Ningbo Renqing Private Equity Fund Management Co., Ltd, Beijing Taidesheng Private Fund Management Co., Ltd., Shanghai Champion Investment Management Co., Ltd.
October 10, 2023
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On October 11, 2023Shen Zhen Australis Electronic Technology Co.,Ltd. closed the transaction. The company issued 33,163,265 A shares at an issue price of CNY 15.68 per share for the gross proceeds of CNY 519,999,995.20. The company has disclosed the issue expenses of CNY 10,230,637.39. The issue expenses of Sponsorship and underwriting fee is CNY 8,319,999.92, Accounting fee for CNY 600,000, Legal fee for CNY 1,150,000 and Information disclosure fee, issuance handling fee and other fees for CNY 160,637.47. The transaction included participation from new investors Nuode Asset Management Co., Ltd. for 3,188,775 shares for CNY 49,999,992, Ningbo Renqing Private Fund Management Co., Ltd.-Renqing Renhe No. 5 Private Securities Investment Fund for 9,566,326 shares for CNY 149,999,991.68, Beijing Taidesheng Private Fund Management Co., Ltd. - Taidesheng Investment Zhisheng Quantitative No. 1 Private Securities Investment Fund for 14,540,816 shares for CNY 227,999,994.88, Shanghai Champion Investment Management Co., Ltd.-Champion Value Growth No. 2 Private Securities Investment Fund for 4,081,632 shares for CNY 63,999,989.76 and Shanghai Champion Investment Management Co., Ltd.-Champion Value Growth No. 8 Private Securities Investment Fund for 1,785,716 shares for CNY 28,000,026.88.
After the issuance, Beijing Taidesheng Private Fund Management Co., Ltd. - Taidesheng Investment Zhisheng Quantitative No. 1 Private Securities Investment owns 14,540,816 shares in the company, accounting for 6.51% stake; Ningbo Renqing Private Fund Management Co., Ltd.-Renqing Renhe No. 5 Private Securities Investment Fund owns 9,566,326 shares, accounting for 4.28% stake; Shanghai Champion Investment Management Co., Ltd.-Champion Value Growth No. 2 Private Securities Investment Fund owns 4,081,632 shares, accounting for 1.83% stake; Nuode Asset Management Co., Ltd. owns 3,188,775 shares, accounting for 1.43% stake; Shanghai Champion Investment Management Co., Ltd.-Champion Value Growth No. 8 Private Securities Investment Fund owns 1,785,716 shares, accounting for 0.80% stake.
Shen Zhen Australis Electronic Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of backlight display modules. The Company's main products include mobile phone backlight display modules, dedicated display backlight display modules and fifth-generation (5G) mobile phone back covers. The Company's products are mainly used in professional display fields such as smart phones, car displays, medical displays, industrial control equipment displays, home appliance displays and other consumer electronic displays. The Company mainly conducts its business within domestic market.
Shen Zhen Australis Electronic Technology Co.,Ltd. announced that it has received CNY 519.999995 million in funding from Nuode Asset Management Co., Ltd., Ningbo Renqing Private Equity Fund Management Co., Ltd, Beijing Taidesheng Private Fund Management Co., Ltd., Shanghai Champion Investment Management Co., Ltd.
SHEN ZHEN AUSTRALIS ELECTRONIC TECHNOLOGY CO.,LTD. 
