Zhejiang Fuchunjiang Photoelectric Science & Technology Co., Ltd. announced that it expects to receive CNY 320 million in funding from Hangzhou Cable Co., Ltd.
February 03, 2021
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Zhejiang Fuchunjiang Photoelectric Science & Technology Co., Ltd. announced that it will receive CNY 320 million in an equity round of funding from returning investor Hangzhou Cable Co., Ltd. (SHSE:603618) on February 4, 2021. Of the total proceeds, CNY 100 million will be added as registered capital, and CNY 220 million as capital reserve. The transaction was approved by the board of directors of the investors at its 7th session of 4th directorate.
Hangzhou Cable Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of wire and cable products. The Company is also involved in the provision of related services. The company's main products include aluminum alloy wires, power cables, UHV cables, special power cables, rubber cables, overhead wires, aluminum alloy wires, aluminum clad steel wires, plastic wires, overhead cables, control cables and mining cables.
Zhejiang Fuchunjiang Photoelectric Science & Technology Co., Ltd. announced that it expects to receive CNY 320 million in funding from Hangzhou Cable Co., Ltd.