[High-tech LED News] Shenzhen Hetai Intelligent Control Co., Ltd. (002402) recently announced that the company intends to use the over-raised funds of 7 million yuan to invest in the establishment of a holding subsidiary to implement the "LED modern lighting product research and development and industrialization project" .
The project plans a total investment of 100 million yuan, focusing on LED modern lighting products as the research and development direction, and finally realizes the industrialized operation of LED modern lighting products.
The announcement stated that the first phase of the project was jointly invested by the company and two natural persons to establish a holding subsidiary Shenzhen Hetai Lighting Technology Co., Ltd. (tentatively referred to as “Hetai Lightingâ€), and the remaining 90 million yuan will be based on the company. Development, integration and business needs of Hetai Lighting will be gradually invested before December 31, 2013.
Hetai Lighting will be responsible for R&D and sales of LED lighting products such as LED road lighting, LED display, landscape lighting, commercial lighting, home lighting, solar/wind energy applications, special lighting, etc.; LED technology development and service; lighting engineering, urban lighting Design, installation and maintenance of landscape and landscape engineering.
It is understood that Shenzhen Hetai Intelligent Control Co., Ltd. publicly issued 16.7 million shares of RMB common stock to the public for the first time on April 28, 2010. The issue price was RMB 35.00/share, and the total amount of funds raised was RMB 5.85 million. After deducting the issuance expenses of RMB 45,556,300, the actual net proceeds raised was RMB 540,943,700.
The project plans a total investment of 100 million yuan, focusing on LED modern lighting products as the research and development direction, and finally realizes the industrialized operation of LED modern lighting products.
The announcement stated that the first phase of the project was jointly invested by the company and two natural persons to establish a holding subsidiary Shenzhen Hetai Lighting Technology Co., Ltd. (tentatively referred to as “Hetai Lightingâ€), and the remaining 90 million yuan will be based on the company. Development, integration and business needs of Hetai Lighting will be gradually invested before December 31, 2013.
Hetai Lighting will be responsible for R&D and sales of LED lighting products such as LED road lighting, LED display, landscape lighting, commercial lighting, home lighting, solar/wind energy applications, special lighting, etc.; LED technology development and service; lighting engineering, urban lighting Design, installation and maintenance of landscape and landscape engineering.
It is understood that Shenzhen Hetai Intelligent Control Co., Ltd. publicly issued 16.7 million shares of RMB common stock to the public for the first time on April 28, 2010. The issue price was RMB 35.00/share, and the total amount of funds raised was RMB 5.85 million. After deducting the issuance expenses of RMB 45,556,300, the actual net proceeds raised was RMB 540,943,700.
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