Eging Photovoltaic Technology Co.Ltd(600537) it is proposed to raise no more than 1.3 billion yuan from the controlling shareholder

Eging Photovoltaic Technology Co.Ltd(600537) announced that the company plans to issue shares in a non-public manner to qinchengda investment, the controlling shareholder, at an issue price of 3.70 yuan / share, with a fund-raising of no more than 1302.4 million yuan. The net fund-raising after deducting the issuance expenses is intended to be used for Changzhou annual 5GW efficient Cecep Solar Energy Co.Ltd(000591) component construction project, supplement working capital and repay interest bearing liabilities.