HPF Co.,Ltd announced that it expects to receive CNY 400 million in funding
July 14, 2020
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HPF Co.,Ltd (SZSE:300350) announced a private placement of up to 143,017,329 shares for the gross proceeds of up to CNY 400 million on July 15, 2020. The transaction will include participation from not more than 35 subscribers. The shares will be issued at a price not lower than 80% of the median market price of the company’s shares as of 20 previous days to issuance date. The shares issued in the transaction shall not be transferred within 6 months from the date of the end of this issue. The transaction has been approved by company’s seventh meeting of the fourth board of directors. The transaction is still subject to approval of company’s shareholders’ meeting, Shenzhen Stock Exchange and the China Securities Regulatory Commission.
HPF Co., Ltd., formerly Shenzhen Huapengfei Modern Logistics Co., Ltd., is a provider of logistics services. The Company operates its businesses primarily through the provision of third-party logistics services, including integrated logistics services, such as program design, transportation, warehousing, loading and unloading, processing, delivery and information processing, among others, as well as the commodity distribution, the provision of intelligent mobile services and supply chain commodity distribution services. The Company offers its services primarily to electronic information industry.
HPF CO.,LTD 
