Ningbo Heli Technology Co., Ltd. announced that it expects to receive CNY 805 million in funding
September 27, 2022
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Ningbo Heli Technology Co., Ltd. announced a private placement of not more than 47,040,000 A shares for gross proceeds of not more than CNY 805,000,000 on September 28, 2022. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 14th meeting of the company?s 5th directorate of the company, and is subject to the approvals of the company?s shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.
On February 6, 2023, the company announced that the application for the issuance of the shares has been accepted by the China Securities Regulatory Commission.
Ningbo Heli Technology Co Ltd, formerly Ningbo Heli Mould Technology Co Ltd, is a China-based company principally engaged in the research, development, design, manufacture and sale of automotive die casting molds, hot stamping abrasives and aluminum alloy parts. The Company's main products include automobile engine cylinder molds, transmission case molds, new energy vehicle battery box molds and other large precision casting molds, automotive A pillars, B pillars, impact beams, bumpers, and other hot stamping molds, cylinder heads of automobile engines, automobile engine brackets, automobile flywheel housings, automobile power steering gear housings, and rail transit gearbox housings and other lightweight aluminum alloy parts.