Baoding Tianwei Baobian Electric Co., Ltd. announced that it expects to receive CNY 500 million in funding from China South Industries Group Co.,Ltd. and other investors
Baoding Tianwei Baobian Electric Co., Ltd. (SHSE:600550) announced a private placement of not more than 368,305,696 shares for gross proceeds of not more than CNY 500,000,000 on September 3, 2019. The transaction will include participation from not more than 10 specific investors that including returning investor China South Industries Group Co.,Ltd. The transaction is subject to approval of board of directors and shareholders of the company.