Huida Sanitary Ware Co., Ltd. announced that it has received CNY 85.000003 million in funding from Country Garden Venture Capital, Shenzhen Country Garden Venture Capital Co., Ltd.
December 15, 2020
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On December 16, 2020, Huida Sanitary Ware Co., Ltd. (SHSE:603385) closed the transaction. The company received CNY 85,000,002.80 at a issue price of CNY 8.20 per share. The transaction included participation from Wang Huiwen for 3,658,536 shares for CNY 29,999,995.20, Wang Yanqing for 6,097,562 shares for CNY 50,000,008.40, and Wang Yanwei for 609,756 shares for CNY 4,999,999.20. The company paid issuance expenses of CNY 3,406,005.33 making net proceeds in the transaction to CNY 81,593,997.27. The company's total share capital pre-transaction is 369,396,444 shares and post transaction is : 379,762,298 shares.
Huida Sanitary Ware Co Ltd is a China-based company principally engaged in design, development, manufacturing and sales of sanitary products. The Company's products are comprised of sanitary wares, ceramic tile and other related products. The sanitary wares products include sanitary ceramics, sanitary hardware fittings, bathtubs and bath cabinets. The ceramic tiles products include interior wall tiles and floor tiles. The Company sells its products to both domestic and international markets, including Pakistan, South Korea, Ukraine, Greece, Sri Lanka and other countries.
Huida Sanitary Ware Co., Ltd. announced that it has received CNY 85.000003 million in funding from Country Garden Venture Capital, Shenzhen Country Garden Venture Capital Co., Ltd.
HUIDA SANITARY WARE CO.,LTD 
