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.
RFID tags for intelligent management of warehouse shipments and containersFebruary 21, 2023RFID technology theory has been further enriched and developed, people develop single-chip electronic tags, multiple electronic tags readable, wireless readable and writable, adaptable to high-speed m...view
RFID Reader Problems and How to Avoid ThemSeptember 8, 20221. The sensitivity of the RFID readerThe range limitations of RFID tags are a thing of the past. Today's state-of-the-art tags require very little energy and can be powered over a range of more th...view
The Road to Better RFID: Embracing High Gain Antennas for Enhanced PerformanceJuly 19, 2023Radio Frequency Identification (RFID) technology has come a long way since its inception, revolutionizing data capture and asset tracking in various industries. However, as businesses seek to further ...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
Application of Medical Wristband RFID Tags in Hospital WardsMay 12, 2023Radio frequency identification (RFID) is an automatic identification technology that uses wireless radio frequency communication for contactless two-way data communication. It utilizes the wireless ra...view
EN
ja 
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
