Hong Kong Heou Electronics Co., Ltd. announced that it expects to receive $2 million in funding from Suzhou Jinfu Technology Co., Ltd.
March 30, 2021
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Hong Kong Heou Electronics Co., Ltd. announced a private placement of common shares for gross proceeds of $2,000,000 on March 31, 2021. The transaction will involve participation from existing investor, Suzhou Jinfu Technology Co., Ltd. Post-closing of the transaction, the investor will retain its 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from $45,000,000 to $47,000,000. The transaction has been approved by the board of directors of the investor at the 8th (extraordinary) meeting of its directorate, and does not need its shareholders’ approval.
Suzhou Jinfu Technology Co., Ltd., formerly Suzhou Jinfu New Material Co.,Ltd., is a China-based company principally engaged in the production and distribution of photoelectrical display thin film components. The Companyâs main products include back light modules (BLUs), liquid crystal modules (LCMs), photoelectrical display thin film components, testing tools and automatic equipment, heat insulation and shock-absorbing products and precision die cutting equipment, among others. The Company's products are mainly applied in laptops, liquid crystal display (LCD) monitors, LCD televisions, mobile phones, digital cameras, digital audio and video players, global position system (GPS) navigators and automobile displays, among others. The Company distributes its products in domestic market and to overseas markets.