Dehao Runda's private placement has been conditional
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Dehao Runda (002005, shares it) (002005) announced that the China Securities Regulatory Commission's Issuance Review Committee reviewed the company's non-public offering of shares on June 21, 2010. The company's non-public offering of shares was conditionally approved. . The company will make another announcement after receiving the relevant approval documents from the China Securities Regulatory Commission. The company's stock will resume trading on June 22, 2010.
It is reported that the proceeds from the non-public offering of shares are intended to be used in the LED project of Wuhu Dehao Runda Optoelectronics Technology Co., Ltd. The total investment of the fund-raising project is 1.6 billion yuan. 