Joyson Electronics announced on Dec. 11th that its 279 million shares’ directional add-issuance for new shares had been examined and approved by CSRC. According to resources, the directional add-issuance has a price of no lower than 29.85 yuan per share, and planned to raise a fund which is no more than 8.3 billion yuan.

Office of the Secretary to the chairman of Joyson Electronics told Economic Observer, this time is to raise money for the purchase of KSS, capital-increasing of KSS and acquisition of the car information business section of TS. The scheme is designed according to the acquisition of KSS and TS.

Office of the Secretary to the chairman of Joyson Electronics revealed to Economic Observer that, acquisitions for KSS and TS have completed in June and May respectively. The purchasing fund mainly came from its own fund and bank loans. This time’s directional add-issuance is to fill up the purchasing fund, but it would not have effect on purchasing.

Among the 8.3 billion yuan directional add-issuance, there are 6 billion used for purchase of KSS, 1.27 billion for car information business section of TS, 650 million yuan for capital-increasing of KSS and another 380 million for filling up of the working fund of Joyson Electronics.