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Focus Lightings Plans to Raise Up to 1.5 Billion Yuan in Private Placement for 3 Million High-Performance Red-Yellow LED Epitaxial Wafer Annual Production and Chip Expansion/Upgrade Project
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Author：小编
Focus Lightings announced on November 9 that it plans to issue no more than 283 million shares—representing 30% of its total share capital prior to the offering—to no more than 35 select investors, aiming to raise up to 1.5 billion yuan. After deducting issuance expenses, 1.25 billion yuan will be allocated to the annual production project of 3 million high-performance red-yellow light epitaxial wafers and chip expansion and upgrading, while 250 million yuan will fund the construction of an R&D center.
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