Guoanda Co., Ltd. announced that it expects to receive CNY 160 million in funding from Jiuxiu Zhonghe Investment Management Co., Ltd, Xiamen bo rui Dongfang Investment Management Co., Ltd., Xiamen Borui Oriental Investment Management Co., Ltd.
April 20, 2022
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Guoanda Co., Ltd. announced a private placement of 8,000,000 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of CNY 160,000,000 on April 21, 2022. The transaction will include participation from not more than 35 investors. The transaction has been approved in 17th Meeting of the 3rd Directorate of the company.
The shares are restricted to a hold period of 6 months from the date of closing.
Guoanda Co Ltd is a China-based company engaged in research and development, production and sales of fire extinguishing devices. The Company's products include ultra-fine dry powder automatic fire extinguishing devices and intelligent fire fighting systems, automatic fire extinguishing devices and intelligent fire fighting systems used for battery boxes, as well as fixed fire extinguishing systems used for passenger compartments. Its products are used in a range of areas, covering passenger car engine compartments, lithium battery boxes of new energy vehicles, substation cables and new energy power stations.
Guoanda Co., Ltd. announced that it expects to receive CNY 160 million in funding from Jiuxiu Zhonghe Investment Management Co., Ltd, Xiamen bo rui Dongfang Investment Management Co., Ltd., Xiamen Borui Oriental Investment Management Co., Ltd.