Shenzhen Fluence Technology PLC. announced that it has received CNY 529.999907 million in funding from Yiyang Urban Construction Investment And Operation Group Co.,ltd., Hunan Caixin Economic Investment Co., Ltd., Changsha Gaochuang Industrial Investment Artificial Intelligence Industry Chain Investment Fund Part, Hunan Hi-tech Zongheng Asset Management Co., Ltd., Hunan Ruishi Private Equity Fund Management Co., Ltd., Zhuhai Jinteng Equity Investment Fund Partnership (Limited Partnership)
April 14, 2021
Share
On April 15, 2021, Shenzhen Fluence Technology PLC. (SZSE:300647) closed the transaction. The company issued 73,816,143 shares at issue price of CNY 7.18 per share for gross proceeds of CNY 529,999,906.74 in the transaction. The transaction included participation from Yiyang Urban Construction Investment And Operation Group Co.,ltd. for 12,534,818 shares for gross proceeds of CNY 89,999,993.24, Hunan Caixin Economic Investment Co., Ltd. for 6,963,788 shares for gross proceeds of CNY 49,999,997.84, Xiao Zhijun for CNY 49,999,997.84, Cinda Australia Bank Fund Management Co., Ltd. for CNY 49,999,976.30, Shiyan for CNY 29,999,992.96, Huang Zhengan for CNY 29,999,992.96, Zhang Chongjun for CNY 25,999,993.42, Liu Guonian for CNY 23,999,997.24, Caixin Mascot Life Insurance Co., Ltd., Ding Hui, and Li Hongying for CNY 19,999,997.70 each. The company incurred expenses of CNY 5,754,716.97 in relation to the transaction receiving net proceeds of CNY 524,245,189.77. Of total capital increase, CNY 73,816,143 is included in share capital and CNY 450,429,046.77 is included in capital reserve of the company. The shares issued shall have a hold period of 6 months.
Shenzhen Fluence Technology Plc is a company mainly engaged in research, development, production and sales of light-emitting diode (LED) lighting fixtures and heat dissipation components. The Company's products include LED lighting fixtures, LED lighting heat dissipation components, consumer electronics heat dissipation components and other products. The Company sells its products to both domestic and international companies, including France, Poland, Vietnam, Thailand and Australia.
Shenzhen Fluence Technology PLC. announced that it has received CNY 529.999907 million in funding from Yiyang Urban Construction Investment And Operation Group Co.,ltd., Hunan Caixin Economic Investment Co., Ltd., Changsha Gaochuang Industrial Investment Artificial Intelligence Industry Chain Investment Fund Part, Hunan Hi-tech Zongheng Asset Management Co., Ltd., Hunan Ruishi Private Equity Fund Management Co., Ltd., Zhuhai Jinteng Equity Investment Fund Partnership (Limited Partnership)