Fujian Furi Electronics Co.,Ltd. announced that it has received CNY 202.97 million in funding.
January 03, 2015 at 11:00 pm EST
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Fujian Furi Electronics Co.,Ltd. announced a private placement of 27,171,352 shares at CNY 7.47 per share for gross proceeds of CNY 202,970,000 on July 31, 2014. The transaction was approved at the 13th session of 5th directorate meeting of the company. The transaction is further subject to approval from the State-owned Assets Supervision and Administration Commission of Fujian Province, the shareholders of the company, and the China Securities Regulatory Commission. Industrial Securities Co., Ltd. and Guosen Securities Co., Ltd. will act as independent financial advisors to the company. Shu Jin Law Firm will act as legal counsel to the company. Fujian Huaxing Certified Public Accountants Co., Ltd. will act as an audit agency to the company.
On August 18, 2014, the company announced that the transaction was approved at its Extra Ordinary General Meeting 2014.
On November 11, 2014, the company announced that the transaction was approved at its 16th session of the 5th directorate meeting.
On January 4, 2015, Fujian Furi Electronics Co.,Ltd. closed the transaction.
FUJIAN FURI ELECTRONICS CO., LTD is a China-based company principally engaged in communication and smart appliance business, as well as trading business. The Company operates its businesses mainly through import and export trading of mechanical and electrical products, textile, food, petrochemicals, steel and other types of commodities, as well as the manufacture of light emitting diode (LED) lighting equipment, household appliances and electronic communications products. The Company is also engaged in software and technology development business. The Company conducts its businesses in domestic and overseas markets.
FUJIAN FURI ELECTRONICS CO.,LTD 
