NVC intends to sign a subscription agreement with the dealer, allotment net raise HK $70 million

NVC announced that the company entered into a subscription agreement with independent subscribers. Conditional issue of a total of 85 million shares to subscribe for shares, placing price of $0.83 per share, compared with the previous day's closing price of $0.86 per share discount of about $3.49%, accounting for approximately $2.65% of the total issued share capital.

The total amount and net proceeds of the subscription items were approximately $70 million 550 thousand and $70 million (HK $) respectively. The company intends to use the net proceeds for general corporate purposes, business expansion and working capital requirements.

NVC, a Sichuan dealer subscription for the company, which has more than ten years of industry experience in lighting industry.

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