Seagull Cooling Technologies (Asia Pacific) Sdn. Bhd. announced that it expects to receive CNY 48.529 million in funding from Jiangsu Seagull Cooling Tower Co.,Ltd.
Seagull Cooling Technologies (Asia Pacific) Sdn. Bhd. announced a private placement of common shares for gross proceeds for CNY 48.529 million on December 16, 2019. The transaction will include participation from returning investor, Jiangsu Seagull Cooling Tower Co.,Ltd. (SHSE:603269) to retain its 100% stake in the company. The transaction has been approved at the twenty-seventh meeting of the seventh directorate of the investor.