Set micro-grid news, Zhenhua Technology announced on the 2nd evening non-public offering of shares, the total number of the issue of not more than 93,868,443 shares, fund-raising not exceeding 1,788.77 million yuan (including the number), after deducting the issue of fees to be invested in microwave RC components Production line construction project, cylindrical lithium-ion battery production line construction projects, high-reliability hybrid integrated circuits and micro-circuit module industrial upgrading projects, RF chip wave trap and the new magnetic components industrialization projects and contactor and solid state relay production line expansion project.
The implementation of the investment project will help the company expand its dominant position in military electronic components and at the same time realize the economies of scale of the military-to-civilian and new-energy lithium batteries and enhance the company's core competitiveness and profitability.
The controlling shareholder, actual controller and the related parties under their control do not participate in the subscription of this issue of shares.The non-public offering of stock pricing benchmark date for this private placement of shares on the first day of issue.
