Fujian Changnuo Heavy Industries Co., Ltd. announced that it expects to receive CNY 100 million in funding from Fujian Snowman Co., Ltd.
January 18, 2017
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Fujian Changnuo Heavy Industries Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding from returning investor Fujian Snowman Co., Ltd on January 19, 2017. The company’s registered capital current registered capital is CNY 18,000,000. Pursuant to the transaction, the investor shall continue to hold 100% stake in the company. The transaction has been approved at 12th extraordinary meeting of the 3rd directorate of the investor and does not need its shareholders’ approval.
FUJIAN SNOWMAN CO., LTD. is a China-based company principally engaged in the research and development, manufacturing and sales of refrigeration equipment. The Company's main products include ice making equipment, compressors and central air conditioning systems. Its products are mainly used in the concrete cooling, cold chain logistics, nuclear power, chemical, commercial supermarket, food processing and other fields. The Company is also engaged in central air conditioning system sales and installation business, as well as the provision of oil and gas technical services. The Company mainly operates its business in the domestic and overseas markets.
FUJIAN SNOWMAN CO., LTD. 
