Opcon: Issues 30 m shares at 0,57 SEK/share in directed

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Mar 24, 2014 at 4:00 AM

Opcon: Issues 30 m shares at 0,57 SEK/share in directed issue to Chinese Snowman

As authorized by the annual general meeting of shareholders, Opcon’s Board has decided to issue the 30,000,000 new shares at a price of SEK 0.57 per share to Hong Kong Snowman Technology Ltd. The decision follow on the earlier decision to direct a total of 30,000,000 new shares at a price of SEK 0.57 to Hong Kong Snowman Technology Ltd. a wholly owned subsidiary to Fuijan Snowman, Co. Ltd., Fuzhou, Fuijan, China. After registration of the 30.000.000 new shares in this issue and the 4,385,965 shares that are issued to GEM Global Yield Fund Ltd. at the same time the total number of shares in Opcon Aktiebolag (publ) will amount to 378,800,110 shares. Ever since the summer 2011, the energy and environmental technology Group Opcon’s Center of Excellence for compressor technology, Svenska Rotor Maskiner (SRM), has built a closer cooperation with Snowman in China for development of cutting-edge, energy-efficient cooling compressors for manufacturing in China. In 2013, Hong Kong Snowman Technology Ltd. became a 10 % owner of Opcon and are now increasing its ownership further. During 2013 Opcon’s sales of development of compressor technology for Snowman tripled. The rights issue aim at strengthening the development of the long-term strategic cooperation that has been initiated and to tie both companies even closer together. At the same time it strengthens Opcon’s financial position and helps creating resources for present focus areas like the marine version of the Opcon Powerbox. “Our relationship with Snowman has been strengthened significantly during this last year and we now plan for significant business with each other in the years to come. Both regarding further development and as a result of the license agreement already signed. But also in other areas where we want take the technology we have developed to the Chinese market. With what we see of Snowman’s plans and investments I believe this license agreement might be SRM’s largest and most important one ever, where success for Snowman will mean success for Opcon”, says Rolf Hasselström, President and CEO of Opcon AB. “SRM’s technology is cutting-edge, world leading and an important part of our offer to our customers. With our investment in Opcon we want to strengthen the company and secure and build a foundation for long-term development of the very good cooperation we have initiated where SRM and Opcon are and will be of strategic importance to us. A state-of-the-art development of energy- and environmental technology is of utmost importance for China and Snowman as a company,” says Rujie Lin, President and Managing Director of Fuijan Snowman Co. Ltd. The price of the share issue was 0.57 SEK/share. The rights issue brings Opcon 17.100.000 SEK before costs. The company’s share capital will increase by SEK 35.500.000. Since the subscription price for the issue has been set at an amount below the shares’ nominal value, SEK 20.400.000 shall be transferred to the company’s share capital through a transfer from shareholders’ equity. Hong Kong Snowman Technology Ltd. is a fully owned subsidiary of Fuijan Snowman Co. Ltd, Fuzhou, Fuijan, China. Fuijan Snowman Co. Ltd was founded in 2000 and is listed on the Shenzen stock exchange. The Group has around 650 employees. Snowman is one of China’s largest actors in industrial cooling. Marketing of its goods and services is primarily done through the brand Snowkey. For further information, please contact Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. 46 8-466 45 00, 46-70-592 54 53 Opcon AB, Box 15085, 104 65 Stockholm, Sweden Tel. 46 8-466 45 00, fax 46 8-716 76 61 e-mail: info@Opcon.se www.Opcon.se The Opcon Group Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource -effective use of energy. Opcon has activities in Sweden, Germany and the UK. There are around 150 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises one business area: Renewable Energy focuses on the following areas: electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, drying of biomass, handling systems for biomass, sludge and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells. About SRM Svenska Rotor Maskiner AB (SRM) is Opcon's Center of Excellence for compressor technology. In 2008, SRM celebrated 100 years of industrialization and development of technology for effective and resource-efficient energy usage. SRM was founded in 1908 as AB Ljungströms Ångturbin, in order to develop the double rotation steam turbine which was invented by Birger Ljungström and that was later sold to what today is the turbine manufacturer, Siemens Industrial Turbomachinery AB. For over 100 years, SRM has developed a number of products for the world market and since the 1930s has developed compressor technologies, with major licensees such as Howden, Kobe Steel, Atlas Copco, Hitachi, IR, Carrier, York, Trane, Kobelco, among others. This technological basis today forms an important part of the Renewable Energy business area's efforts in Waste Heat Recovery and production of electricity from waste heat, including Opcon Powerbox.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

EnGenius Unveils AI Infrastructure at SC26 Showcase

AI Infrastructure Spotlight at SuperComputing 2026 Forget the usual buzzwords and smoke blows—we’re talking EnGenius Technologies pulling a full-court press at SC26, where they’ll flaunt their AI and edge computing chops from November 15–20. This ain't just about shiny tech displays; it’s a real-deal showcase at Chicago’s McCormick Place, and they’re running...

Edelson Lechtzin Investigates Baanx Data Breach

Inside the Baanx Data Breach: A Wake-Up Call The digital currency frontier is fraught with pitfalls, and the latest Baanx data breach saga is a sobering reminder. This isn't just a minor fumble—this one's a big, hairy mess involving sensitive data of Crypto Life users, causing ripples through an already jittery market. What Went Wrong with Baanx We're staring at...

Cognex Delivers Record Q3 Results, Eyes Future Growth

Shaking Up the Leaderboard with Record Revenues You want a testament to a well-oiled machine? Look no further than Cognex Corporation, flaunting a record quarterly revenue hitting $313 million. That's a hearty 13% uptick from last year. Peel back the layers, and excluding a one-time boon from a partnership last year, you're staring at a 19% year-over-year surge. Talk...

NPA Champions Safe Transit Act for Safer Commutes

Public Safety on the Line: The Safe Transit Act When city dwellers head to work or school, the last thing they want is a dicey subway ride. Yet, escalating incidents on transit lines are painting a grim picture. From folks getting pushed onto the tracks to outright assault, it's getting hairy out there. The NPA Puts Its Weight Behind Safety The National Police Association...

Starting Pet End-of-Life Talks: Why Timing Matters

Early Conversations Can Change Everything The minute you bring it up, let's be honest, nobody likes to talk about end-of-life decisions, not even for their pets. Yet, when you think about it, biding your time until things get critical isn't doing anyone any favors, especially not the furry ones. Drs. Brandon and Paola Beebout, two piercing minds from Kearney, Nebraska,...

NSING's Bluetooth Milestone: A Signal for Investors

The Bluetooth Bonanza: NSING Technologies' Big Win Amidst the bustling lanes of the semiconductor sector, NSING Technologies just threw down a whopper of an announcement—over 250 million Bluetooth chips shipped, all well-knitted with Ceva's technology. This isn’t just another milestone; it's a clarion call for anyone keeping an eye on the evolving landscape of...

JT Mega Embraces New Leadership as Erin Denham Steps Up

A New Captain at the Helm Erin Denham's promotion to president of JT Mega is setting the stage for some fresh momentum in the food and beverage advertising world. This Minnesotan agency, nestled right there on Minnetonka Boulevard, has been an independent force for five decades. It's a sector dominated by players who often get absorbed by the behemoth holding companies,...

Manulife's Q3 2026: Strong Gains Amid Income Dip

Manulife's Resilience in a Volatile Market Trading has a way of keeping folks on their toes. Just when you think you've ridden the bull long enough, it tries bucking you off. That's how it goes for Manulife Financial Corporation (TSX/NYSE/PSE: MFC), as they reported their Q3 2026 results—marking a seesaw of gains and losses. Core Earnings Shine While Net Income Declines...

Talogy Unveils AI-Driven Leadership Assessment Tool

Transforming Leadership in a Tech-Driven World In this whirlwind of a workplace, Talogy's decision to sprinkle a bit of AI magic into the leadership stew isn't just a nifty trick—it's the secret ingredient we never knew we needed. Amid the endless chatter about tech evolution, Talogy has tossed a new wrench into the leadership development gears: AI-powered simulations....

Sabre's Q3 Earnings: What Investors Need to Know

Unpacking Sabre's Latest Financial Reveal Sabre Corporation, that familiar name in travel tech, let the third quarter numbers out of the bag. Published fresh off the wire on November 5th, this round of figures covers the books up until September 30, 2026. If you're wired into NASDAQ:SABR, this is your bread and butter for the quarter. The figures, straight from Sabre's...