September 18, "G20-LED Summit member companies" Tiantonggufen (600330) announced that the company's non-public offering application by China Securities Regulatory Commission unconditionally.
It is reported that the first extraordinary shareholders meeting of Tiantong Co., Ltd. was held on April 10, 2013. The meeting reviewed and approved the “Proposal on the Company's Non-public Issuance of Stocks to Specific Targetsâ€. The company plans to price 5.15 yuan/share. No more than 60 million shares (including 60 million shares) of the company's shares were issued to the company's shareholder Tiantong High-tech Group Co., Ltd. and the company's shareholder, Ms. Du Haili. The total amount of funds raised is expected to not exceed 309 million yuan, and it is planned to invest 1.15 million pieces of 4-inch LED sapphire substrate material technology transformation project and supplement liquidity.
It is reported that the first extraordinary shareholders meeting of Tiantong Co., Ltd. was held on April 10, 2013. The meeting reviewed and approved the “Proposal on the Company's Non-public Issuance of Stocks to Specific Targetsâ€. The company plans to price 5.15 yuan/share. No more than 60 million shares (including 60 million shares) of the company's shares were issued to the company's shareholder Tiantong High-tech Group Co., Ltd. and the company's shareholder, Ms. Du Haili. The total amount of funds raised is expected to not exceed 309 million yuan, and it is planned to invest 1.15 million pieces of 4-inch LED sapphire substrate material technology transformation project and supplement liquidity.
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