Soyea Technology Co.,Ltd. announced that it expects to receive CNY 700 million in funding from West Lake Electronics Group Co., Ltd., Caitong Fund Management Co., Ltd., Hua An Fund Management Co., Ltd., Manulife Teda Fund Management Co., Ltd., Shanghai Tongsheng Asset Management Co., Ltd., JT Asset Management Co., Ltd
January 18, 2016
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Soyea Technology Co.,Ltd. (SZSE:000909) announced a private placement of A shares for gross proceeds of up to CNY 700,000,000 on January 18, 2016. The transaction will include participation from not more than 10 investors including existing investor, West Lake Electronics Group Co., Ltd. West Lake Electronics Group Co., Ltd. committed to subscribe for not less than CNY 16,680,000. Shares subscribed by West Lake Electronics Group Co., Ltd. are subject to a hold period of 36 months from the issuance closing date.
Shares subscribed by other investors are subject to a hold period of 12 months. The transaction was approved in the 17th meeting of the 6th directorate of the company. The transaction is subject to shareholders' approval at its 1st Extraordinary General Meeting of 2016 to be held on February 29, 2016.
SOYEA TECHNOLOGY CO., LTD is a China-based company principally engaged in merchandise trading business, as well as the development and sales of real estates. The Company is also engaged in the manufacture and sales of electronic equipment, as well as the provision of information system integration services. The Company's products include set-top boxes, digital audio-visual products, security monitoring products and others. The Company distributes its products within domestic market and to overseas markets.
Soyea Technology Co.,Ltd. announced that it expects to receive CNY 700 million in funding from West Lake Electronics Group Co., Ltd., Caitong Fund Management Co., Ltd., Hua An Fund Management Co., Ltd., Manulife Teda Fund Management Co., Ltd., Shanghai Tongsheng Asset Management Co., Ltd., JT Asset Management Co., Ltd
SOYEA TECHNOLOGY CO., LTD 
