Chengdu CORPRO Technology Co., Ltd. announced that it expects to receive CNY 185 million in funding
March 18, 2021
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Chengdu CORPRO Technology Co., Ltd. (SZSE:300101) announced a private placement of not more than 55,734,000 A-shares for gross proceeds of not more than CNY 185,000,000 on March 19, 2021. The final issuance subscribers of this issuance are not more than 35 specific pairs that meet the requirements of the China Securities Regulatory Commission. The issue price shall be no less than 80% of the average trading price of the company’s stocks on the 20 trading days prior to the pricing base date. The shares issued shall not be listed for trading within 6 months from the end of the issuance. The transaction has been reviewed and approved by the fourth meeting of the fifth board of directors of the company. The transaction is subject to the company’s 2020 annual general meeting of shareholders, Shenzhen Stock Exchange, and the China Securities Regulatory Commission.
Chengdu CORPRO Technology Co.,Ltd., formerly Chengdu Gotecom Electronic Technology Co Ltd, is a China-based company principally engaged in the manufacture and distribution of communication and related equipment. The Companyâs main products include high performance integrated circuits (ICs), satellite navigation components, satellite navigation terminals and video and image security monitoring products, among others. The Company is also involved in the provision of satellite navigation operation services. The Company distributes its products in domestic market, with North China as its main market.