Hua Jingke intends to raise 1.8 billion yuan

Hua Jingke passed the board of directors on (23) yesterday and plans to apply for cash-increase of private equity common stock or overseas conversion of corporate bonds, which is expected to not exceed 60 million shares. It is estimated that Huajingke’s closing price of 30.65 yuan yesterday. If all funds are fully raised, the market value will be approx. 18.39 billion yuan.

Hua Jingke stated that the fundraising will be used to invest in digital imaging related equipment and technologies, expand the market and enrich working capital, repay the borrowings and strengthen the financial structure. This private equity target needs to be a strategic investor and the long-term development of the company. Individuals or legal persons whose competitiveness can produce benefits shall contact the relevant matters of a specific person and intend to request the shareholders' meeting to authorize the board of directors to handle all matters.

Hua Jingke originally took the camera assembly OEM, five years ago gradually transformed into imaging solutions.

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