Longood Intelligent Electric (Hong Kong) Co., Ltd. announced that it expects to receive $30 million in funding from Shenzhen Longood Intelligent Electric Co.,LTD
January 21, 2021
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Longood Intelligent Electric (Hong Kong) Co., Ltd. announced that it will receive $30 million in an equity round of funding on January 22, 2021. The transaction included participation from returning investor, Shenzhen Longood Intelligent Electric Co.,LTD (SZSE:300543) to retain its 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from $9.27 million to $39.27 million. The transaction has been approved by the 22nd meeting of the third directorate and the 20th meeting of the third board of supervisors of the investor.
Shenzhen Longood Intelligent Electric Co Ltd is a company mainly engaged in research, development, production and sales of intelligent controllers for electrical appliances. The Company's products include intelligent controllers for electrical appliances, intelligent power supplies and so on. The intelligent controllers for electrical appliances are applied in household appliances, electrical tools and robots. The intelligent power supplies products include power management systems, digital inverter power supplies and plant factory management systems. The Company also provides professional lithium battery product solutions through its subsidiary, such as portable energy storage power supplies. The products are mainly used in household appliances, power tools and electric bicycles.
Longood Intelligent Electric (Hong Kong) Co., Ltd. announced that it expects to receive $30 million in funding from Shenzhen Longood Intelligent Electric Co.,LTD
SHENZHEN LONGOOD INTELLIGENT ELECTRIC CO.,LTD 
