Changsha Jingmei Integrated Circuit Design Co., Ltd. announced that it expects to receive CNY 979.667464 million in funding from Changsha Jingjia Microelectronics Co., Ltd.
Changsha Jingmei Integrated Circuit Design Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 979,667,464.48 on January 23, 2019. The transaction will include participation from existing investor Changsha Jingjia Microelectronics Co., Ltd. (SZSE:300474). The transaction has been approved at the 8th meeting of the 3rd directorate of the investor. On closing, the investor will retain its stake of 100% in the company. The company has a registered capital of CNY 20,000,000.