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Grandway Advised Landai Technology on Its Non-public Offering Approved by CSRC
Pubdate：2023.01.17
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On September 26, 2022, Landai Technology Group Corp., Ltd. (stock abbreviation: Landai Technology, stock code: 002765) was unconditionally approved by CSRC at the 111th meeting of the 18th Issuance Appraisal Committee in 2022 for the application to issue convertible corporate bonds to unspecific investors.
Landai Technology is an enterprise mainly engaged in the power transmission business and touch display business, with synergistic development of the two main businesses.
The total amount of funds to be raised from this non-public offering will not exceed RMB 586,430,000, which will be invested in the new energy vehicle high precision transmission gear and motor shaft manufacturing project, vehicle, industrial control touch screen cover glass expansion project and supplying working capital after deducting the issuance costs. The implementation of the fund-raising investment projects will further enhance the strength and core competitiveness of the main business, which is conducive to enhancing the operating performance and corporate value and the long-term sustainable development.
