Jeng Shiang Precision Ind. Co., Ltd. announced that it has received TWD 476.46 million in funding.
April 01, 2015
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Jeng Shiang Precision Ind. Co., Ltd. (GTSM:3685) announced a private placement of 20,000,000 shares on March 6, 2014. The issue price shall be determined at a later date.
On September 5, 2014, the company announced that the shares will be issued at a price of TWD 13.39 per share to two investment companies for gross proceeds of TWD 267,800,000.
On January 16, 2015, the company announced that it has amended the terms of transaction. The company will now issue 19,591,152 shares.
On April 2, 2015, Jeng Shiang Precision Ind. Co., Ltd. closed the transaction. The company issued 19,591,152 shares at TWD 24.32 per share for gross proceeds of TWD 476,456,816.64.
Tradetool Auto Co Ltd is a Taiwan-based company mainly engaged in the manufacturing and trading of light guide plates and automotive stamping and welding parts, as well as the development and trading of related molds. The Company's products mainly include automotive metal stamping parts, which are mainly used for automotive structural parts such as rear wheel cover outer panels, tailgate outer panel reinforcement panels, A-pillar reinforcement panels, B-pillar reinforcement panels, C-pillar reinforcement panels, D-pillar reinforcement panels, rear wall panels, taillight brackets, rear longitudinal beam reinforcement plates and floor front longitudinal beams. The products also include optical injection parts, mainly high-brightness light guide plates for light-emitting diode (LED) backlights, and their main use is the key light-emitting source components of liquid crystal displays. The Company mainly distributes its products in Taiwan and Mainland China.
TRADETOOL AUTO CO., LTD. 