Invengo Raises $108MM USD via a Private Placement Stock Offering
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 Launches Global InPower Partner ProgramApril 14, 2022SINGAPORE, 19 October 2015 – Today, Invengo Technology, one of the world's leading RFID companies, announced the launch of their global Invengo InPower Partner Program.''The Invengo InPow...view
Signal Sleuths: The Role of RFID Card Antennas in Data TransmissionDecember 15, 2023Introduction to RFID Card AntennasRFID (Radio Frequency Identification) technology has revolutionized various industries by allowing the seamless tracking and identification of objects through radio f...view
How Stack Antennas Enhance Wireless Network PerformanceJanuary 23, 2024In today's digital age, where reliable and seamless connectivity is a necessity, wireless network performance plays a crucial role in determining user satisfaction. To meet the ever-increasing dem...view
Best Practices for Implementing NFC InlaysMay 9, 2023Near Field Communication (NFC) technology has made its way into the everyday lives of people today. It has revolutionized the way we exchange information, conduct transactions and even perform simple ...view