Published on 11/14/2008 in the Prospect News PIPE Daily.
New Issue: China's Yinlips wraps $2.7 million private placement of shares
By Devika Patel
Knoxville, Tenn., Nov. 14 - Yinlips Technology, Inc. completed a $2.7 million private placement of stock, according to an 8-K filed Friday with the Securities and Exchange Commission.
The company sold 6.5 million common shares at $0.415 per share to Zhao Zifeng, its chief executive officer and chairman of the board.
The private company is based in GuangDong, China.
Issuer: | Yinlips Technology, Inc.
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Issue: | Common shares
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Amount: | $2,697,500
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Shares: | 6.5 million
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Price: | $0.415
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Warrants: | No
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Investor: | Zhao Zifeng
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Settlement date: | Nov. 14
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