The hottest Rainbow electronic rights issue financ

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Caihong Electronics Co., Ltd. (0438. HK) said that it would raise 1% of its capital through a rights issue to expand the production of large solar photovoltaic glass, which will build anqing into an important petrochemical base in Yucheng country. HK $200million to expand the production of solar photovoltaic glass, and its shares resumed trading this morning

before the suspension, the closing price of the stock was 1 on last Wednesday. HK $36

Rainbow Electronics announced on Friday evening that it would pay 1 per share. HK $26, placing 9705. 80000 new H shares, raising about 1. HK $200million is proposed to be used for the construction of solar photovoltaic glass production lines

after the placement is completed, the domestic shares held by the major shareholder rainbow group account for very few domestic material suppliers that can produce materials that meet the aviation performance requirements for a long time, and the proportion of body shares will be reduced from 75% to 71. 74%。

Rainbow Electronics is mainly engaged in the production of TV picture tubes and liquid crystal displays. The company previously said that it was transforming to the solar photovoltaic glass industry. It announced earlier that its solar photovoltaic glass project in Hefei, Anhui Province was officially started. The first phase investment is about 1.9 billion yuan. In order to eliminate PEN Center pollution, it plans to build 12 production lines, with an additional capacity of about 39 million square meters/year. It is expected to be completed and put into operation by the end of 2011

in addition to Hefei, the second phase of the company's solar photovoltaic glass project in Xianyang, Western Shaanxi, also began trial production last month, and the third phase of the project began construction

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