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    002911   CNE100003332

FORAN ENERGY GROUP CO.,LTD.

(002911)
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Guangdong Foran Technology Co., Ltd. announced that it expects to receive CNY 190 million in funding from Foran Energy Group Co.,Ltd.

06/21/2021 EST

Guangdong Foran Technology Co., Ltd. announced that it will receive CNY 190 million in an equity round of funding on June 21, 2021. The transaction included participation from returning investor, Foran Energy Group Co.,Ltd. to retain its 100% stake in the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 200,000,000 post closing of the transaction. The transaction has been approved at the 11th meeting of the 5th directorate of the investor.


ę S&P Capital IQ 2021
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Financials
Sales 2020 7 515 M 1 184 M 1 184 M
Net income 2020 469 M 73,9 M 73,9 M
Net Debt 2020 663 M 104 M 104 M
P/E ratio 2020 21,5x
Yield 2020 3,32%
Capitalization 10 085 M 1 588 M 1 589 M
EV / Sales 2019 1,33x
EV / Sales 2020 1,42x
Nbr of Employees 1 923
Free-Float 11,6%
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Managers and Directors
Yi Cun Huang President & General Manager
Dan Ying Xie Deputy GM, Chief Financial & Accounting Officer
Xiang Yin Chairman
Jian Hang Qiu Chairman-Supervisory Board
Jian Jun Zhang Independent Director