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Industrial Solar announced the completion of the placing and subscription of 35 million new shares

     June 9 news, Industrial Solar announced the completion of the placing of existing shares and subscription of new shares, a total of 3,500 shares of the Placing Shares by the Placing Agent to 6.8 yuan per Placing Share is allocated to at least six Placees,ratchet tie dowm and today allotted and issued to StrongEagle.

     The Placing Shares represent the company pre-enlarged issued share capital of 6.65%. Placing and the Subscription is completed, the same actors from the StrongEagle its shares from the company held approximately 40.04%, diluted to approximately 37.38%, and by the public (including the Placees) the total number of shares held by the company from about 59.96% to about 62.62%. Subscription net proceeds of approximately 232.8 million yuan will be used to expand production capacity and build factories in Hunan's capital, and Zhuhai as well as for general working capital.

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iande Weida Electrical Appliance Tools Co.Ltd. professionally manufacture booster cables , battery clip, tow rope,ratchet tie down.