Xiamen Jihong Package Technology Ltd. announced that it expects to receive CNY 900 million in funding from Ganzhou Development Financial Leasing Co., Ltd., Hubei Gaotou Production Control Investment Co., Ltd.
April 07, 2018
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Xiamen Jihong Package Technology Ltd. (SZSE:002803) announced a private placement of not more than 23,200,000 common shares for gross proceeds of not more than CNY 900,000,000 on April 8, 2018. The transaction will include participation from not more than 10 specific investors. The securities being issued are subject to a hold period of 12 months. The transaction was approved by the board of directors of the company at the 20th session of the 3rd directorate meeting. The transaction is subject to approval by the shareholders of the company and China Securities Regulatory Commission.
Xiamen Jihong Technology Co.,Ltd, formerly Xiamen Jihong Package Technology Ltd., is a comprehensive solution provider for packaging and Internet services based on creative design and advertising planning. The Company operates its business through two segments. The Packaging Business includes the production and sale of paper containers such as color packaging cartons, color packaging boxes and environmentally friendly paper bags. The Internet Business includes Internet precision marketing and cross-border e-commerce extended by precision marketing. The Company conducts its business both in the domestic market and overseas markets.
Xiamen Jihong Package Technology Ltd. announced that it expects to receive CNY 900 million in funding from Ganzhou Development Financial Leasing Co., Ltd., Hubei Gaotou Production Control Investment Co., Ltd.