Shenzhen Enrich Electronics Co.,Ltd

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Company News >> TCL shows the placement raised $ 157 million extension LTPS LCD module production 5th,May,2017
                                        TCL announced that it would allocate up to 258 million new shares, with an allotment price of $ 0.62 per share, raising up to $ 157 million. TCL shows CEO Li Jian said: the market for more high-end LTPS LCD module demand is increasing, the Group raised funds through the expansion of production lines, will help expand market share, resulting in greater profits.
                              The Placing Price represents a discount of 10% to the closing price of HK $ 0.69 today, representing approximately 15% of the existing issued shares and 13.04% of the enlarged issued shares. Li Jian said, can strengthen the financial situation and broaden the shareholder base for future business development into a new impetus.
                               The Company said that $ 150 million of the Placing proceeds were intended to expand the production scale of the LTPS LCD module and approximately HK $ 6.5 million for general working capital. Upon completion, there will be no placeholder to become a substantial shareholder of the Company.

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