Jade Bird Fire Alarm International S.L. announced that it expects to receive €25 million in funding from Beida Jade Bird Universal Fire Alarm Device Co., Ltd
September 17, 2019
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Jade Bird Fire Alarm International (Europe) S.L. announced that it will receive €25,000,000 on September 18, 2019. The transaction will include participation from returning investor Beida Jade Bird Universal Fire Alarm Device Co., Ltd (SZSE:002960). Pursuant to the trsanction Beida Jade Bird Universal Fire Alarm Device Co., Ltd (SZSE:002960) will retain 100% stake in the company. The company at present has a registered capital of €1,000,000. The transaction has been approved in the 11th meeting of the 3rd directorate of the investor.
Jade Bird Fire Co., Ltd., formerly Beida Jade Bird Universal Fire Alarm Device Co., Ltd., is a China-based company principally engaged in the research, development, production and sales of fire safety system products. The Company's products mainly include four types of fire safety system products, such as fire automatic alarm and linkage control system, electrical fire monitoring system, automatic gas fire extinguishing system and gas detection and monitoring system, as well as other fire safety system products, such as fire door monitoring system, fire equipment power monitoring system. The Company mainly operates its business in the domestic market.
Jade Bird Fire Alarm International S.L. announced that it expects to receive €25 million in funding from Beida Jade Bird Universal Fire Alarm Device Co., Ltd