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.
Issue:	Common shares
Amount:	$2,697,500
Shares:	6.5 million
Price:	$0.415
Warrants:	No
Investor:	Zhao Zifeng
Settlement date:	Nov. 14

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