GF Xinde makes RMB570m strategic investment in Victory Giant Technology

Victory Giant Technology issued an announcement to non-publicly issue 141.3893 million shares to 13 investors at 17.75 yuan per share, and raised 25.966 million yuan.

Victory Giant Technology issued an announcement to non-publicly issue 141.3893 million shares to 13 investors at 17.75 yuan per share, and raised 25.966 million yuan.

Among them, GF Xinde signed a subscription agreement with Victory Giant Technology through two funds under its management. The total planned cash subscription is 569.9 million yuan, accounting for 3.49% of Victory Giant Technology ’s total share capital after this non-public offering. This is the first fixed-price issuance project of GF Xinde.

Victory Giant Technology specializes in the research, development, production and sales of high-density printed circuit boards. The company’s main products are double-sided PCBs and multi-layer PCBs (including HDI). The products are widely used in computers and computer peripherals, communications, consumer electronics, automobiles, LED displays, industrial control and other downstream fields.

According to Prismark’s data, Victory Giant Technology ranks 32 in the global PCB industry (2019) in terms of revenue scale, up 6 places from 2018. From 2017 to 2019, the net profits attributable to Victory Giant Technology were 282 million yuan, 380 million yuan, and 463 million yuan, respectively.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/24/gf-xinde-makes-rmb570m-strategic-investment-in-victory-giant-technology/.

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