Wooden Door Cases of SUMBAO E-KONG raised 52.65 million to be acquired lighting business SUMBAO
E-KONG GROUP announced the placement of up to 104 million new shares at $ 0.52 per share, with a discount of approximately 14.75% to the closing price of $ 0.61 yesterday. The new shares accounted for approximately 14.29% of the issued share capital of the Company. Raising approximately $ 52.65 million to be used in July to disclose part of the consideration for potential acquisition lighting business and / or future development of the Group. For more information on LED, please click on China LED Network or focus on WeChat public account (cnLED Recessed Spotlightw2013).