Vertical Divider
Musing on Production
Tianma Wuhan Raises USD$1B for Ph-2 Wuhan G6 OLED Fab
June 21, 2020
Tianma received an approval for issuance of Tianma private shares from the China Securities Commission. The number of privately issued shares is roughly 496M shares, which is about 20% of the total number of shares outstanding, raising 7.3 billion yuan (to USD$1.03B). The issuance is targeted at 35 special investors, including Changjiang Tianma Fund and Hubei Qiaotou. Tianma will use the funds for Phase 2 of the G6 LTPS OLED production line project in Wuhan. Tianma plans to start ramp up from Q1’21 at 45K substrate per month.
Tianma Wuhan Raises USD$1B for Ph-2 Wuhan G6 OLED Fab
June 21, 2020
Tianma received an approval for issuance of Tianma private shares from the China Securities Commission. The number of privately issued shares is roughly 496M shares, which is about 20% of the total number of shares outstanding, raising 7.3 billion yuan (to USD$1.03B). The issuance is targeted at 35 special investors, including Changjiang Tianma Fund and Hubei Qiaotou. Tianma will use the funds for Phase 2 of the G6 LTPS OLED production line project in Wuhan. Tianma plans to start ramp up from Q1’21 at 45K substrate per month.
|
Contact Us
|
Barry Young
|