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Share this article Share this article SUZHOU, China, Jan. 26, 2021 /PRNewswire/ GCL System Integration Technology Co. Ltd ( GCLSI or the Company )(Shenzhen:002506), a leading photovoltaics(PV) company in China, announced on January 21 that it successfully raised 2.5 billion yuan ($US386 million) through a private placement offering, which will accelerate the implementation of the Company s dual-core business(photovoltaic and semiconductor) strategy. In a report on non-public issuance of shares disclosed by GCLSI on January 21, it shows the Company issued 773,230,764 A-shares at a price of 3.25 yuan (50 cents) per share in a non-public offering, with a total amount of 2.513 billion yuan ($US386 million) raised. After the completion of this non-public issuance of shares, the Company s total assets and net assets will increase and debt-to-asset ratio will decrease, which will help reduce the company s financial risks therefore enhancing the company s ability to resist risk

Ma junjianPeixian economic development zone co ltdCompany shenzhenHefei dongcheng industry investment co ltdSystem integration technology coIntegration technologySecretary ma junjianAnhui provinceநிறுவனம் ஷென்சென்அமைப்பு ஒருங்கிணைப்பு தொழில்நுட்பம் இணைஒருங்கிணைப்பு தொழில்நுட்பம்அன்ஹுய் மாகாணம்