Founder Securities (Hong Kong) Financial Holdings Limited announced that it expects to receive CNY 350 million in funding from Founder Securities Co., Ltd.
Founder Securities (Hong Kong) Financial Holdings Limited announced a private placement of common shares for gross proceeds not more than CNY 350 million on September 29, 2020. The transaction included participation from returning investor Founder Securities Co., Ltd to retain 100% stake in the company. The transaction was agreed by ninth meeting of the fourth board of directors of the company.