Fongyuan International Co., Ltd announced that it will issue 1,300,000 common shares at an issue price of $1 per share for gross proceeds of $1.3 million on November 8, 2023. The transaction will include participation from returning investor, Sports Gear Co., Ltd. The transaction has been approved by the board of directors of the company.
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- News Sports Gear Co., Ltd.
- Fongyuan International Co., Ltd announced that it expects to receive $1.3 million in funding from Sports Gear Co., Ltd.