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.
How to Use Wristband RFID Tags in Medical Settings?April 13, 2023The wristband RFID identification tag inside the hospitalNormally, patients staying in a hospital will wear a wristband RFID identification tag on their wrist. This is an effective method for hospital...view
Streamlining Healthcare: RFID Hand Scanners in Patient Care and Asset TrackingDecember 15, 2023In the fast-paced world of healthcare, optimizing patient care while efficiently managing assets is of utmost importance. With technological advancements taking center stage, the implementation of RFI...view
Enhancing Security Measures with 20cm Short-Range RFID ReadersJanuary 23, 2024In an increasingly digital world, ensuring the safety and security of sensitive information has become a top priority for businesses and organizations across various industries. One technology that ha...view
Invengo on the 14th IOTE International ExhibitionApril 14, 2022SINGAPORE, 30 July 2020 – Invengo on the 14th IOTE International ExhibitionFrom July 29th to July 31st, 2020, the 14th IOTE international Exhibition was held in Shenzhen Futian Convention and Exhibit...view
The High Performance Demonstrated by Invengo as One of the UHF RFID Tag ManufacturersMay 10, 2024In the rapid development of the Internet of Things (IoT) technology, RFID (Radio Frequency Identification) technology has become a key force to promote the process of intelligence. In the wide world o...view
What Are the Functions of RFID Labels?May 12, 2023RFID (Radio Frequency Identification), a wireless system that uses radio frequency to achieve the goal of identification and data exchange between reader and RFID card without contact, is divided into...view
EN
ja 
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
