Leyard Optoelectronic Co., Ltd. announced that it has received CNY 1.22 billion in funding from China Life AMP Asset Management Co., Ltd., CCB Principal Asset Management Co., Ltd.
January 17, 2018
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On January 17, 2018, Leyard Optoelectronic Co., Ltd. (SZSE:300296) closed the transaction. The company issued 66,340,401 shares for gross proceeds of CNY 1,219,999,974. The transaction involved participation from China Life AMP Asset Management Co., Ltd. for CNY 689,999,990.49 and CCB Principal Asset Management Co., Ltd. (SZSE:165317) for CNY 529,999,983.90. The securities issued will be subject to lock period of 12 months. The company received net proceeds were CNY 1,219,999,974.39 after deducting issuance expenses of CNY 19,940,000.00.
Leyard Optoelectronic Co., Ltd. is principally engaged in the research, development, design, production and distribution of audio-visual products. The main products include light emitting diode (LED) display and integration, LED small spacing television (TV), LED intelligent lighting, as well as LED culture and sports education media. The Company's products are mainly applied in stadiums, business places, hotels, financial service places, office buildings, public service places, railways, roads, airports, subways, stages, broadcasting and television studios and others.
Leyard Optoelectronic Co., Ltd. announced that it has received CNY 1.22 billion in funding from China Life AMP Asset Management Co., Ltd., CCB Principal Asset Management Co., Ltd.
LEYARD OPTOELECTRONIC CO., LTD. 
