Yuyuan’s proposed private placement of $150 million in private equity has nothing to do with San’an

On March 27th, LED Epistars issued a major message, and decided to apply for private equity securities. The total number of shares to be issued is not more than 150 million shares for domestic cash increase, or the total private placement is not more than 150 million US dollars (or The equivalent of NTD) converts corporate bonds at home and abroad and handles them once within one year from the date of resolution of the shareholders' meeting.

Yu Yuan said that the case has nothing to do with Sanan's shareholding and belongs to the new financial plan. Yan Feng, chairman of the board of directors, said that this fundraising case belongs to the financial plan of the new year, and there is no specific fundraising target. As the mainland LED manufacturer Sanan announced last year that it will be worth 2.3 billion yuan or 120 million shares, it is now announced that it will raise 4.5 billion yuan, and the total capital demand has reached 6.8 billion yuan.

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