Hebei Tonghe New Energy Technology Co., Ltd. announced that it expects to receive CNY 10 million in funding from Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., and other investors
August 16, 2021
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Hebei Tonghe New Energy Technology Co., Ltd. announced that it will issue 10,000,000 common shares at a price of CNY 1 per share for gross proceeds of CNY 10,000,000 on August 17, 2021. The transaction will include participation from returning investor Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. for proceeds of CNY 3,400,000, and new investors Employee Stock Ownership Platform A and Employee Stock Ownership Platform B for proceeds of CNY 3,300,000 each, to acquire 16.5% stake each, in the company. Post closing, the registered capital of the company will increase from CNY 10,000,000 to CNY 20,000,000, and the stake of Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. in the company will change from 100% to 67%. The transaction has been approved in the 22nd meeting of the third board of directors and the 18th meeting of the third board of supervisors of Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., and is not subject to its shareholders' approval.
Shijiazhuang Tonhe Electronics Technologies Co., Ltd. is a China-based company and mainly engaged in research, development, manufacture and sales of high frequency switching power supplier and related electronic products. The main products of the Company contain electric operating power supplier, including power-operated power supply module and power-operated power supply system; electric cars power and charging power supply system; and other power supply applied in railway, fire protection, broadcast transmission, shipbuilding, and new energy. The Company runs its business in domestic and overseas markets.
Hebei Tonghe New Energy Technology Co., Ltd. announced that it expects to receive CNY 10 million in funding from Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., and other investors