Hebei Huijin Electromechanical Co., Ltd. announced that it expects to receive funding from Handan Construction Investment Group Co., Ltd.
July 15, 2021
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Hebei Huijin Electromechanical Co., Ltd. announced that a private placement of common shares at an issue price of CNY 10 per share on July 16, 2021.The transaction include participation form Handan Construction Investment Group Co., Ltd. The transaction was approved by board of directors of the company in its 15th session of the company’s 4th directorate. The transaction is subjected to the approval of shareholders of the company, Shenzhen Stock Exchange, state-owned assets supervision and administration department and China Securities Regulatory Commission. The amount issued cannot be more than 30% of the company’s total capital prior to this transaction. The securities issued are subjected to 18 months hold period after the issuance completion date.
Hebei Huijin Group Co Ltd, formerly Hebei Huijin Electromechanical Co Ltd, is mainly involved in the research, development, manufacture, sale and service of bank equipment. The Companyâs main products include banknote strapping machines and binding machines, self-service bank receipt printers, self-service paper machines, Renminbi (RMB) distribution packaging line, virtual counters and RMB anti-counterfeit propaganda stations among others. The Company supplies its products in domestic banks including Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, Construction Bank of China, Bank of Communications and others. It distributes its products in domestic and overseas markets.
HEBEI HUIJIN GROUP CO., LTD. 
