Tecnon Commercial Lighting Co., Ltd announced that it has received CNY 419.999984 million in funding from a group of investors
July 28, 2021
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On July 29, 2021, Tecnon (Fujian) Commercial Lighting Co., Ltd closed the transaction. The company issued 21,222,839 A shares at a price of CNY 19.79 per share for gross proceeds of CNY 419,999,983.81. The transaction included participation from 22 investors including China Merchants Securities International Company Limited and individual investor Cai Mingya for 2,526,528 shares each, individual investor Lin Jiyou for 1,515,917 shares, and UBS AG, Financial Services Investment Arm, China Galaxy Securities Co., Ltd., Investment Arm, Shanghai Zhongdao Youyi Enterprise Management Center (Limited Partnership), and Huihong Bull Head Private Equity Securities Investment Fund, a fund managed by Zhejiang Huihong Investment Management Co., Ltd. for 606,366 shares each. The company incurred issuance expenses of CNY 6,832,096.76 and raised net proceeds of CNY 413,167,887.05, of which the paid-in capital of the company was increased by CNY 21,222,839 and the capital reserve was increased by CNY 391,945,048.05.
Tecnon Electronics Co Ltd, formerly Tecnon (Fujian) Commercial Lighting Co Ltd, is a China-based company mainly engaged in the distribution of semiconductors. The Company operates in two segments. Commercial Lighting segment is mainly engaged in the production and manufacturing of lighting appliances, light-emitting diode (LED) displays and photoelectric signs. Semiconductor Distribution Business segment is mainly engaged in the distribution of semiconductors related to the wireless communications and consumer electronics fields such as mobile radio frequency front-end chips. The Company's products mainly include lighting fixtures, light-emitting diode (LED) displays and photoelectric signs. The Company's products are mainly used in commercial areas such as branded retail terminals, shopping centers, markets, hotels, and theme parks.
TECNON ELECTRONICS CO., LTD. 
