Rainbow shares proposed to raise capital 6 billion new line

Source: Internet
Author: User
Keywords Shares proposed to raise funds
Rainbow shares (600707) plan to be not less than 14.30 yuan/share of the price of more than 430 million shares, for the construction of 8.5-generation LCD glass substrate production line project and 4.5 generation AMOLED production line project.  The company's actual control of people Rainbow Group, holding shareholder Rainbow Electronics Co., Ltd. and the strategic investors to be introduced Foshan Shunde Cheng Shun Asset Management Co., Ltd. has been determined to 1.4 billion yuan, 1.6 billion yuan and not less than 600 million yuan of money to subscribe to the issuance of equity. According to the company's request, in addition to the Rainbow Group and Rainbow Electronics, any investor and its affiliates will hold the total number of shares of the company shall not exceed 160 million shares. The company plans to invest in the two major projects 8.5 generation liquid crystal glass substrate production line project, 4.5 generation AMOLED production line project respectively to Rainbow (Foshan) flat Display Glass Co., Ltd. and Rainbow (Foshan) flat Display Co., Ltd., the form of replenishment, The capital requirement of two projects amounted to 11.395 billion yuan, and the fund was planned to raise 6 billion yuan. (Li Josin)
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