Zhaochi shares raised 2.9 billion yuan to participate in Internet TV business
Zhaochi shares issued a non-public offering of A shares on February 18th. The company plans to issue non-public offerings at a price of 12.36 yuan per share. The total amount of funds raised will not exceed 294,156.0084 million yuan. . The net proceeds from the non-public offering of shares (after deducting the issuance expenses) will be used for the joint operation of the Internet TV business.
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Zhaochi said that through this issuance, the company will obtain the development funds needed for business transformation, quickly make up for the short-term funding of the company in acquiring the superior content resources and establishing the joint operation platform of the Internet TV business, and through the integration of resources in the next few years. And investment, the company will gradually transform from a pure consumer electronics manufacturer into a joint operator of Internet TV services with the advantages of content, software and hardware.
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