[High-tech LED News] Recently, Rainbow (Foshan) Flat Panel Display Co., Ltd., a holding subsidiary of Rainbow (600707), plans to raise 315 million yuan to build an AM-OLED pilot line project. The company claims to be a 4.5-generation AM- The industrial base of the OLED business and its ongoing technical and talent support.
The company believes that the construction of the AM-OLED pilot line project is in line with the company's OLED development strategy, which can enhance the company's leading position in the industry. At the same time, the construction of the project can reduce the technology, product and market risks of the 4.5-generation AM-OLED production line investment.
In order to broaden the financing channels, optimize the financing structure, and meet the company's industrial structure adjustment and the rapid development of new industries, the company plans to issue 1.6 billion short-term financing bills, adopting the principle of “one registration, installment by issueâ€, that is, one registration of 1.6 billion yuan. The quota will be issued firstly for the first phase of 800 million yuan with a term of one year; the remaining amount will be rolled out during the registration period.
The Rainbow Shareholding subsidiary invested in the construction of the 4.5-generation AM-OLED project, which is one of the company's non-public offering projects, and plans to raise funds of 1.6 billion yuan. Before the company's non-public offering of shares will be put in place, it will be invested in the early stage of the project with self-raised funds.
The company believes that the construction of the AM-OLED pilot line project is in line with the company's OLED development strategy, which can enhance the company's leading position in the industry. At the same time, the construction of the project can reduce the technology, product and market risks of the 4.5-generation AM-OLED production line investment.
In order to broaden the financing channels, optimize the financing structure, and meet the company's industrial structure adjustment and the rapid development of new industries, the company plans to issue 1.6 billion short-term financing bills, adopting the principle of “one registration, installment by issueâ€, that is, one registration of 1.6 billion yuan. The quota will be issued firstly for the first phase of 800 million yuan with a term of one year; the remaining amount will be rolled out during the registration period.
The Rainbow Shareholding subsidiary invested in the construction of the 4.5-generation AM-OLED project, which is one of the company's non-public offering projects, and plans to raise funds of 1.6 billion yuan. Before the company's non-public offering of shares will be put in place, it will be invested in the early stage of the project with self-raised funds.
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