Test Rite Retailing Co., Ltd. announced that it expects to receive $38 million in funding from Test-Rite International Co., Ltd.
November 11, 2019
Share
Test Rite Retailing Co., Ltd. announced a private placement of 38,000,000 common shares at a price of $1 per share for gross proceeds of $38,000,000 on November 12, 2019. The transaction will include participation from existing investor Test-Rite International Co., Ltd. (TSEC:2908). The transaction has been approved by board of directors of the investor.
Test Rite International Co Ltd is a Taiwan-based company principally engaged in the retailing of household products and the trading of daily goods. The trading business is engaged in the import and export business and agency business of department store products, covering hardware tools, DIY hand tools, bathroom and storage products, stationery products, household appliances and living goods, outdoor furniture, gardening, barbecue products. The retail business is directly facing consumers mainly located in Taiwan and China in the home furnishings, home repair, mattress and bedding sales business, comprehensive home integration services and brand agency business. The affiliated business groups include design teams for product design, packaging design, and industrial design; construction teams for store construction, office building construction, investment promotion, and logistics and warehousing services in China, Taiwan, the United States, and Europe.
TEST-RITE INTERNATIONAL CO., LTD. 
