Yuanfang Optoelectronics issued 15 million shares for the first time on March 21

Hangzhou Yuanfang Optoelectronic Information Co., Ltd. has approved the initial public offering of shares and its application for listing on the GEM. The stock code of Yuanfang Optoelectronics is 300306.

Yuanfang Optoelectronics intends to issue no more than 15 million RMB ordinary shares (A shares), with a par value of RMB 1.00 per share. It is planned to adopt a combination of offline distribution and online issuance. The online issuance accounts for the final number of this issue. 80%, or 12 million shares. The issue date is March 21, 2012, and the total share capital after the issuance is 60 million shares.

Yuanfang Optoelectronics specializes in R&D, production and sales of LED and lighting photoelectric detection equipment, and provides comprehensive detection solutions. The funds raised by the company will be invested in 1,500 sets of LED photoelectric testing equipment expansion projects, R&D center construction projects and sales service network construction projects. The planned investment funds are 116 million yuan, 48.12 million yuan and 15.23 million yuan respectively.

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