Wanrun Technology plans to raise RMB 250 million to invest in subsidiary Hengrun Optoelectronics

Shenzhen Wanrun Technology Co., Ltd. started its IPO on January 18, 2012. The company plans to issue 22 million shares, with a total issued share capital of 88 million shares, which is planned to be listed on the Shenzhen Stock Exchange.

The funds raised will be mainly invested in three projects, namely, a new high-efficiency patch-type LED production and construction project, an LED green energy-saving lighting production project and an enterprise technology research and development center project.

The three investment projects were implemented by Guangdong Hengrun Photoelectric Co., Ltd., a wholly-owned subsidiary of Wanrun Technology. The project construction site is located in the North Industrial City within the Songshan Lake Science and Technology Industrial Park, with a total planned investment of nearly RMB 250 million.

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