On June 20th, Shenzhen Weiwei Photovoltaic Lighting Co., Ltd. issued the “Report on the Issuance of Shares to Purchase Assets and the Raising of Matching Funds and the Listing of New Sharesâ€, saying that the company intends to purchase the shares of the company by way of issuing shares. 100% equity of the power, a total of 110.50 million yuan of transaction consideration, the transaction consideration is all paid by way of issuing shares.
It is reported that Weiwei shares non-publicly issued shares of 56,900,102 shares and 19.42 yuan/share to the counterparty. After the completion of the transaction, Guoyuan Power became a wholly-owned subsidiary of the listed company, and the new shares were listed. The date is June 24, 2016.
The "Announcement" also shows that the company intends to raise funds for the issuance of shares to no more than five specific investors, and the total amount of funds raised will not exceed RMB 800,000. According to the calculation of the raised fund limit, the total amount of matching funds raised shall not exceed 100% of the transaction price of the assets to be purchased, and shall be used for the construction of other photovoltaic power plant projects under construction and supplementary liquidity; among them, the proportion of liquidity used to supplement the company Not more than 50% of the total funds raised in this fundraising.
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