Wuhan Golden Laser Co., Ltd announced that it expects to receive CNY 740 million in funding
June 08, 2020
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Wuhan Golden Laser Co., Ltd (SZSE:300220) announced a private placement of not more than 37,800,000 A shares for gross proceeds of not more than CNY 740,000,000 on June 9, 2020. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. All securities issued in the transaction have a hold period of 6 months from the issuance closing date. The transaction has been approved in the 18th meeting of the 4th directorate and the 13th meeting of the 4th supervisory board and is subject to the approval of the shareholders meeting and the China Securities Regulatory Commission.
Wuhan Golden Laser Co., Ltd. is a China-based company principally engaged in the provision of small and medium-power laser processing solutions. The Company's products include metal materials digital laser processing equipment, flexible non-metallic materials, digital laser processing equipment and three-dimensional digital technology commercial application solutions. The Company's products can be used in various industries, such as clothing, textiles, shoes, bags, industrial textiles, upholstery, advertising crafts, metal precision processing and many other industries. The Company distributes its products in domestic market and to overseas markets.