Sichuan Haowu Electromechanical Co., Ltd. announced that it has received CNY 236.999997 million in funding from Shenwan Hongyuan Industrial Investment Management Co., Ltd.
December 24, 2019
Share
On December 25, 2019, Sichuan Haowu Electromechanical Co., Ltd. (SZSE:000757) closed the transaction. The company issued 59,547,738 shares at an issue price of CNY 3.98 per share for gross proceeds of CNY 236,999,997.24. The transaction included participation from from Shenwan Hongyuan Industrial Investment Management Co., Ltd. The company paid CNY 9,538,097.55 as other fees. Post the transaction, the share capital of the company will be 664,714,511 shares.
Sichuan Haowu Electromechanical Co Ltd is a China-based company mainly engaged in vehicle sales, automotive aftermarket services and machinery parts production. The Company's passenger vehicle distribution and automotive aftermarket service businesses are mainly engaged in vehicle sales, repair and maintenance services, and comprehensive services including automobile fittings, extended warranty agency, insurance agency, and auto loan agency. The internal combustion engine crankshaft business is mainly engaged in the research, development, manufacturing and sales of internal combustion engine crankshafts. The products are mainly applied in passenger cars, commercial vehicles, construction machinery/agricultural machinery, special machinery, etc. The Company mainly conducts business in the domestic market.
Sichuan Haowu Electromechanical Co., Ltd. announced that it has received CNY 236.999997 million in funding from Shenwan Hongyuan Industrial Investment Management Co., Ltd.
SICHUAN HAOWU ELECTROMECHANICAL CO., LTD. 