Siu Chi shares raised by raising 2 billion 900 million yuan to force Internet TV business

Siu Chi shares (002429) released February 18th non-public offering of A shares plan, the company intends to price 12.36 yuan / share the number of non-public offering is not more than 238 million 3 thousand and 108 shares, the total funds raised not more than 2 billion 941 million 560 thousand and 84 yuan. The non-public offering of shares to raise funds net (after deducting the cost of issuance) will be used for the joint operation of Internet TV business projects.

Siu Chi shares said that through this offering, the company will be required for business transformation and development funds, funds to make up the short board quickly established Internet TV business in the advantage of content resources, joint operating platform faced, through the integration of resources and investment in the next few years, the company will from consumer electronics manufacturers only gradually changed a joint Internet TV business operators also have the advantages of hardware and software, content.

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