Jade Bird Fire Alarm International Co., Ltd. announced that it expects to receive $10 million in funding from Beida Jade Bird Universal Fire Alarm Device Co., Ltd
September 17, 2019
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Jade Bird Fire Alarm International (USA) Co., Ltd. announced a private placement of common shares for gross proceeds of $10 million on September 18, 2019. The transaction will include participation from existing investor Beida Jade Bird Universal Fire Alarm Device Co., Ltd (SZSE:002960). Post the closing, the investor will maintain 100% stake in the company. The transaction was approved by the board of directors of the investor at the 11th meeting of the 3rd directorate.
Jade Bird Fire Co., Ltd., formerly Beida Jade Bird Universal Fire Alarm Device Co., Ltd., is a China-based company principally engaged in the research, development, production and sales of fire safety system products. The Company's products mainly include four types of fire safety system products, such as fire automatic alarm and linkage control system, electrical fire monitoring system, automatic gas fire extinguishing system and gas detection and monitoring system, as well as other fire safety system products, such as fire door monitoring system, fire equipment power monitoring system. The Company mainly operates its business in the domestic market.
Jade Bird Fire Alarm International Co., Ltd. announced that it expects to receive $10 million in funding from Beida Jade Bird Universal Fire Alarm Device Co., Ltd
JADE BIRD FIRE CO., LTD. 
