Dalian Zhiyun Automation Co., Ltd. announced that it expects to receive CNY 688.5 million in funding
December 20, 2020
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Dalian Zhiyun Automation Co., Ltd. (SZSE:300097) announced a private placement of common shares for gross proceeds of No more than CNY 688,547,900 on December 21, 2020. The number of shares issued to specific objects will be determined by dividing the total amount of funds raised by the issuance price and will not exceed 30% of the company's total share capital before the issuance. The transaction will include participation from No more than 35 specific investors. The transaction has been approved by the board of directors of the company at its eighth interim meeting of the company's fifth directorate. and is subject to approval from its shareholders’ and China securities regulatory commission. The transaction still needs to be submitted to the Shenzhen Stock Exchange for review and approval. The shares issued are subject to a hold period of 6 months from the date of issuance.
Dalian Zhiyun Automation Co.,Ltd. is a China-based company principally engaged in the research and development, design, manufacture, system integration and distribution of automatic equipment sets. The Company operates through three segments. Automobile Intelligent Equipment segment consists of automatic testing devices, automatic assembling equipment, cleaning and filtering devices, logistics handling equipment and cutting, grinding and processing devices, among others. New Energy Manufacturing Equipment segment consists of lithium battery automatic assembly and testing equipment. Computer, Communication and Consumer Electronics (3C) Intelligent Manufacturing Equipment segment mainly provides flat panel display modules. The Company distributes its products mainly in South China, East China and North China.