Shanghai Bright Power Semiconductor Co., Ltd. announced a financing transaction
July 02, 2021
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Shanghai Bright Power Semiconductor Co., Ltd. announced a private placement of shares on July 2, 2021. The transaction will include participation from not more than 35 special investors. The number of shares to be issued with the matching funds raised in this time does not exceed 30% of the total share capital of the company before the transaction, and the total amount of matching funds raised in this transaction does not exceed 100% of the transaction price for the purchase of assets by issuing shares in this transaction. The shares carries the lock-up period of 6 months. The transaction has been approved in the 13th meeting of the second board of supervisors and it needs to be reviewed by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission.
Shanghai Bright Power Semiconductor Co Ltd is a China-based company mainly engaged in the design, research, development and sales of power management driver chips. The Company's main products include light-emitting diode (LED) illumination drive chips, motor drive chips, alternate current (AC) / direct current (DC) power supply chips, DC / DC power chips, etc. The LED illumination drive chips include universal LED illumination drive chips and smart LED illumination drive chips. The AC / DC power management chip includes built-in AC / DC power supply chips and external AC / DC power supply chips and motor drive chips. Its products are mainly used in LED lighting industries, household appliances, electric tools, industrial servo, mobile phone fast charge, set-top boxes, routers, video surveillance, home care tools, servers, communication base stations and other fields. The Company mainly conducts its businesses in domestic and overseas markets.