China intends to raise funds to expand the production of 410 million LED display products

China Star power in late September 29th release scheduled increase plan. The company intends to price 9.13 yuan per share, the company rising and constant GF No. 15 set by no more than 45 million shares, raising not more than 410 million yuan for small spacing LED and outdoor surface mount LED display devices expansion project etc..

The two went through the subscription of shares, rising company is a state-owned company, is the Guangdong Provincial People's government set up asset management company limited, Guangdong SASAC holds 100% stake in the company. And GF constant 15 full investment in the country for the star of the non-public offering of shares. By the establishment of the establishment and management of GF information management, the star of the country by the employees of the self financing of not more than 91 million 300 thousand yuan to subscribe for the product, the client may include the company signed a contract with the directors, supervisors and senior management personnel.

It is worth noting that the private placement, will lead to changes in the actual control of the National Star photoelectric. It is reported that in the planning and promotion of the non-public offering during the takeover agreement held by shareholders of sigma Sigma 100% stake owned subsidiary Electronic Group intends to rising company, which holds 14.03% of the shares issued by the issuer, becoming the first major shareholder indirectly. In after the completion of the non-public offering, the company rising will directly hold 7.37% of the voting shares of the company, and through the electronic group company indirectly controlled 12.70% of the voting shares, the total control of 20.07% of the voting shares and become the actual controller of the company. The non-public offering will lead to changes in the control of the company. After the increase, the state will also become the star of Guangdong SASAC's listing platform.

Announced in 2014 non-public offering plan at the same time, the National Star optoelectronics also announced that the company will terminate the implementation of the non-public offering of stock plan in 2013, the termination of the cause of the current changes in government policies". In September last year, according to the company announced the non-public offering plan in 2013, the company developed an increase of 630 million yuan to raise the scale of the company's semiconductor epitaxial chip project.

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