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GCLSI Successfully Raises CNY2.5 billion ($US386 million) through Private Placement Share Offering

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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 risks, optimize the company's financial structure, and provide a guarantee for the company's sustainable development.

Anhui , China , Peixian , Jiangsu , Shenzhen , Guangdong , Suzhou , Hefei , Ma-junjian , Peixian-economic-development-zone-co-ltd , Company-shenzhen , Hefei-dongcheng-industry-investment-co-ltd

GCLSI Successfully Raises CNY2.5 billion ($US386 million) through [...] | Comunicati stampa CataniaOggi

27 gennaio 2021 06:45
Fonte: Adnkronos
#energia
SUZHOU, China, Jan. 27, 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 risks, optimize the company's financial structure, and provide a guarantee for the company's sustainable development.

Anhui , China , Peixian , Jiangsu , Shenzhen , Guangdong , Suzhou , Hefei , Ma-junjian , Peixian-economic-development-zone-co-ltd , Company-shenzhen , Hefei-dongcheng-industry-investment-co-ltd