Neoneon by Tsinghua Tongfang shares soared nearly 20%

Neoneon announcement to Tsinghua Tongfang, placing 1 billion shares of the agreement has become unconditional. After completion, Tsinghua Tongfang and concerted action to hold 52.28% of the company's share capital.

Neoneon in June announcement, to Tsinghua Tongfang placing 1 billion shares of the resolutions have been passed at the EGM, accounted for 76.70% of votes. However, the resolution on the removal of the exemption from the mandatory purchase offer was not approved by the shareholders, and the number of votes was 68.76%. Since the second resolutions have not yet passed, it is the same time that Tsinghua Tongfang is considering whether to subscribe. Currently, Tsinghua Tongfang has completed the transaction.

19 shares resume trading. Neoneon after the resumption of trading shares soared 19.1%.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).