On the morning of the 20th, with the only sound of the Hong Kong Stock Exchange on the same day, the 728 million shares issued by Huizhou NVC Lighting successfully started listing. On the same day, NVC Lighting (02222.HK) successfully listed on the Hong Kong Main Board for 2.1 yuan. Wu Changjiang, Chairman, CEO and Executive Director of NVC Lighting, told reporters that NRW Lighting issued 728 million shares, 90% of which were international placements, 10% were public offerings, and each lot was 1,000 shares. The over-allotment option is 15%. Of the funds raised, HK$490 million was used for market expansion at home and abroad, including mergers and acquisitions and other strategic investments.
In addition, it invested HK$410 million in brand strategy and sales network (planned to reach 3,000 NVC stores by December 31, 2010 and expand its business scope to Europe, North America and South America); capital expenditures accounted for HK$410 million (will To build a new production line, to increase the annual production capacity of NVC lighting products by about 25%); R & D accounted for 160 million Hong Kong dollars (focus on strengthening the strength and appeal of NVC in LED, HID and other fields). The remaining funds will be allocated for general working capital.
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