Crestec Initial Application Approved

Source: Internet
Author: User
Keywords Crestec approved
China Securities Regulatory Commission issued the supervision of the Ministry of Regulation 18th, the issuance of the Audit committee in 2010, the 129th meeting was convened on August 18, 2010, Shenzhen Science and Technology Co., Ltd. of the first application was approved. Pre-disclosure data show that Shenzhen Science and Technology Co., Ltd. is China's leading uninterruptible power supply (UPS) provider, UPS sales and sales revenue are ranked in the forefront of the domestic UPS industry. The company is mainly engaged in ups and ancillary valve-controlled sealed lead-acid battery research and development, production, sales and ancillary services.  The controlling shareholder Crestec Power owns 76.36 million shares of the company, accounting for 88.7907% of the total equity before the issue. Shenzhen ke da Technology co., Ltd. This plan is not more than 29 million shares issued by the company, and the total share capital after issuance is no more than 115 million shares. The company will raise funds to the following three projects: Online UPS expansion projects, technology center construction projects, technical services and domestic marketing network projects, the total investment of 227 million yuan, the remainder will be used for other business related to the operating capital.
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