Shenzhen — Invengo Information Technology (002161.SZ) announced that the company has raised 694.1 million Yuan (USD$108 million) through a private placement of 36.0387 million shares at 19.26 Yuan (USD $3.00) per share.
Invengo is a leading vendor of Radio Frequency Identification (RFID) products and solutions in China. Invengo went public in August 2007 and is listed on Shenzhen Stock Exchange (SZSE), China. Invengo announced its second round of fund-raising plans in November 2010.
Closing this transaction within a significantly short period of time, which Invengo believes is an indication of the investors' confidence in Invengo's business prospects, will constitute an important step in Invengo’s ambition to consolidate its lead in Greater China and the global market.
All the proceeds raised will be invested in five projects. The investment capital required for the five projects is expected to hit 792 million Yuan (USD$123 million). The projects include the commercialization of Internet-Of-Things, RFID handhelds, a management system for RFID-based railway vehicle parts, research and development into an automated library system and tracking devices for trains.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offering would be unlawful.
Invengo Finalizes Acquisition of Tagsys RFID Textile Services and Legacy Tag BusinessApril 14, 2022Singapore, 9 June 2016 – Invengo, the Global RFID Technology Provider, today announced the finalization of acquisition of the Textile Services and Legacy RFID Tag business from French Company Tagsys ...viewInvengo New Generation of Fixed Reader XC-RF868June 21, 2022Invengo's XC-RF868 fixed reader adopts excellent architecture design and powerful reading and writing algorithm. It equips Impinj R2000 chip and supports 6-channel RF ports. The new reader is avai...view
Understanding HF RFID Reader: A Complete GuideMay 9, 2023In today's fast-paced world, the need for efficient and accurate data collection is paramount. To achieve this goal, businesses are turning to HF RFID technology. HF RFID Readers are used by busin...viewInvengo Technologies Moves to New Building to Support GrowthApril 14, 2022Singapore, 12 September 2016 – Invengo, the Global RFID Technology Provider, today announced the relocation of its French entity Invengo Technologies to new office space to accommodate the rapid grow...view
Navigating Efficiency: Unveiling the Role of an RFID Provider in Modern BusinessAugust 18, 2023In the dynamic landscape of modern business, technology plays a pivotal role in streamlining operations and enhancing efficiency. RFID (Radio Frequency Identification) technology has gained prominence...view
Beyond Boundaries: Exploring the Reach of High Gain RFID AntennasJuly 19, 2023In Radio Frequency Identification (RFID) technology, antennas play a vital role in capturing and transmitting data between RFID tags and readers. High Gain RFID antennas, in particular, have revolutio...view
EN
ja 
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
