Great Wall Computer directional additional 110 million shares

Washington (reporter Liu Jianyun) Yesterday, the Great Wall computer announced, in order to resolve the company and the Great Wall Hong Kong short-term debt repayment pressure, to achieve with the Crown Jie technology industry integration, to 9.03 yuan per share to the Great Wall science and technology, the Great Wall Development directed additional 110.7442 million shares, raised 1 billion yuan to repay bank loans, and the Great Wall of Hong Kong. The Great Wall computer announced yesterday that the directional additional plan will be 9.03 yuan per share, to the Great Wall technology, the Great Wall development of Non-public offering 110.7442 million shares, of which the Great Wall technology to cash subscription does not exceed 1 billion yuan; Great Wall development with cash subscription No more than 160 million yuan. Among the 1 billion dollars raised, the Great Wall of Hong Kong, the Great Wall Hong Kong, will be used to repay the debts, and the remaining 280 million will be used for the bank loans of the company. This resolution still needs to be considered by the general meeting of shareholders.