Hunan Laimu Electronics Co., Ltd. announced that it expects to receive CNY 25 million in funding from Shanghai Laimu Electronics Co.,Ltd
August 11, 2020
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Hunan Laimu Electronics Co., Ltd. announced that it will receive CNY 25 million in an equity round of funding from returning investor Shanghai Laimu Electronics Co.,Ltd (SHSE:603633) on August 12, 2020. Post closing of the transaction, the investor will hold 98.33% stake in the company directly and 1.67% indirectly and the registered capital of the company will increase from CNY 5 million to CNY 30 million. The transaction has been approved by the board of directors of the investor and is not subject to its shareholder's approval. The transaction is subject to the approval of the administrative department for industry and commerce.
Shanghai Laimu Electronics Co., Ltd. is a China-based company principally engaged in the research, development, production and distribution of precision electronic components. The Companyâs products mainly include precision connectors and related accessories, as well as precision shield covers and structure parts. Its products are mainly applied to the fields of automobile and mobile phone. The Company distributes its products within domestic market and to overseas markets, including Germany, Japan and France.