Fujian Huamin Leasing Company Limited announced that it expects to receive CNY 90 million in funding from Fujian Holdings Limited, Fujian Huamin Industrial Group Company Limited
Fujian Huamin Leasing Company Limited announced that it has entered into a capital increase agreement for a private placement for gross proceeds of CNY 90,000,000 on January 6, 2017. The transaction will include participation from existing investors, Fujian Holdings Limited (SEHK:181) for CNY 27,200,000, and Fujian Huamin Industrial Group Company Limited for CNY 62,800,000. Post the completion of the transaction, Fujian Holdings Limited (SEHK:181) will hold a 40% stake, and Fujian Huamin Industrial Group Company Limited will hold a 60% stake in the company. The transaction is subject to approval of the board of directors of the company.