JCDecaux into fund-raising 5 million to expand LED photoelectric project

JCDecaux into May 15th release stock issuance plan, the company intends to 10 yuan / share issue price, not more than 500 thousand shares (500000 shares) shares, kinds of this offering of RMB ordinary shares, to raise funds not more than 5 million yuan (including 5000000 yuan).

JCDecaux into the stock issuance, the funds raised mainly for the LED project of CSP photoelectric fluorescence glue film project investment, fixed assets investment, add liquidity. The funds raised to enhance the company's competitiveness, while easing the company's business expansion due to the formation of financial pressure to protect the company's rapid development of business.

Based on the development of the company's LED career, the Board plans to raise a total of 16 million yuan for ultra-thin fluorescent film production line and CSP packaging simulation test line construction. Financing, 11 million of the investment in fixed assets (equipment) and dust-free workshop construction, another 5 million yuan for materials, personnel and other liquidity supplement. The company's fund-raising structure includes equity financing, equipment leasing financing, bank credit financing three parts. Among them, equity financing will issue 500 thousand shares of common stock.

The new production line is a film automatic coating production line, a CSP packaging simulation test line (including solid crystal machine, vacuum press and grain testing machine, etc.). Plastic film coating line will realize the monthly production capacity of 2000 square meters, can fully meet the next 3 years the domestic demand for fluorescent adhesive film. Production line construction period of 8 months, is expected in 2018 to form Q2 production capacity.

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