Shenzhen Yinghe Technology Co., Ltd announced that it expects to receive CNY 1.6 billion in funding
March 12, 2017
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Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) announced a private placement of not more than 24,600,000 A shares at CNY 65.04065 per share for gross proceeds of not more than CNY 1,600,000,000 on March 13, 2017. The transaction will include participation from not more than 5 specific investors. The shares will not be transferrable within 12 months from the closing date. The transaction has been approved at its 25th session of the 2nd directorate.
SHENZHEN YINGHE TECHNOLOGY CO.,LTD. is mainly engaged in the manufacture of lithium electric equipment. The Company's main business is the research and development, design, manufacture, sale of automated production equipment for lithium-ion battery, and the provision of related services. The Company's main products include six equipment series such as coating machines, slitting machines, tableting machines, winding machines, die cutting machines and lamination machines as well as related assisted machines. The products are primarily used in the manufacture of lithium-ion batteries and are sold to China domestic and overseas markets.
SHENZHEN YINGHE TECHNOLOGY CO., LTD 
