Avary International Co., Ltd. announced that it expects to receive HKD 377.145 million in funding from Avary Holding Co., Limited
Avary International Co., Ltd. announced that it will receive HKD 377.145 million (TWD 1500 million) in an equity round of funding from returning investor Avary Holding (Shenzhen) Co., Limited (SZSE:002938) on August 13, 2019. Post to the transaction, the investor will retain 100% stake in the company. The transaction has been approved in 25th meeting of the first directorate of the investor and does not need its shareholder's approval.