Fujian Dehong Zhihui Information Technology Co., Ltd. announced that it expects to receive CNY 70 million in funding from Profit Cultural and Creative Group Co., Ltd.
April 19, 2021
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Fujian Dehong Zhihui Information Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 70 million on April 20, 2021. The transaction will include participation from returning investor Profit Cultural and Creative Group Co., Ltd. (SZSE:300640) to retain 100% stake in the company. The transaction has been approved in the fourth meeting of the fourth board of directors. The investor will invest in batches. Post the closing, the registered capital will increase from CNY 180 million to CNY 250 million.
Profit Cultural and Creative Group Co Ltd is a company engaged in research, development and sales of cultural and creative furniture supplies. The Company's products are comprised of creative decorations, casual daily necessities and fashionable small furniture. The creative decoration products include festival decorations, daily decorations and garden decorations. The casual daily necessities products mainly include casual bags and casual shoes. The Companyâs products are manufactured by its commissioned factories based on original equipment manufacturer (OEM) model. The Company sells its products to both domestic and international markets, including Asia, Europe, America, Africa and Oceania.
Fujian Dehong Zhihui Information Technology Co., Ltd. announced that it expects to receive CNY 70 million in funding from Profit Cultural and Creative Group Co., Ltd.
PROFIT CULTURAL AND CREATIVE GROUP CO., LTD. 
