Sinocera to raise funds of no more than RMB1.5 billion
2020-06-19 11:57:20 [Print]
On 18 June, Shandong Sinocera Functional Material Co., Ltd. released the private offering A-share stock plan and absorbed Zhuhai Gaolingyicheng Equity Investment Partnership Enterprise as a strategic investor. According to the private offering stock plan, Sinocera signed a strategic cooperation agreement including effective attached conditions with Gaolingyicheng and its strategic partner Care Capital (Hong Kong) Co. Ltd.
This private offering targets Zhangxi and Zhuhai Gaolingyicheng Equity Investment Partnership Enterprise (limited partnership). With a unit price of RMB20.67 (USD2.92), the private offering will issue no more than 72,568,940 of shares, including capital stock, to raise no more than RMB1.5 billion (USD0.21 billion). The funds will be invested in research and industrialization of dielectric materials for ultra-micro chip multi-layer ceramic capacitor, 3,000-ton-per-annum high-performance rare earth functional materials industrialization project and others.
This private offering targets Zhangxi and Zhuhai Gaolingyicheng Equity Investment Partnership Enterprise (limited partnership). With a unit price of RMB20.67 (USD2.92), the private offering will issue no more than 72,568,940 of shares, including capital stock, to raise no more than RMB1.5 billion (USD0.21 billion). The funds will be invested in research and industrialization of dielectric materials for ultra-micro chip multi-layer ceramic capacitor, 3,000-ton-per-annum high-performance rare earth functional materials industrialization project and others.
