Shenyang Huaxiang Automobile Parts Co., Ltd. announced that it expects to receive CNY 40 million in funding from Ningbo Huaxiang Electronic Co., Ltd.
December 28, 2016
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Shenyang Huaxiang Automobile Parts Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding from existing investor Ningbo Huaxiang Electronic Co., Ltd. on December 29, 2016. On the same date, the transaction was approved at the 31st meeting of the 5th directorate of the investor. The registered capital of the company will increase from CNY 80,000,000 to CNY 120,000,000 upon completion of the transaction.
Ningbo Huaxiang Electronic Co., Ltd. is a China-based company, principally engaged in the design, development, manufacture and distribution of automobile components. The Company's main products consist of interior and exterior trims, including instrument panels, center channel assemblies, front and rear windshields, spoilers, roofs, bellows; automotive chassis accessories; air-conditioning accessories; automotive engine accessories; automotive electrical and electronic accessories; metal stampings and others. The main supporting models of its products include BMW 3, 5 and X series; Mercedes-Benz C-Class and E Class series, and Tiguan, New Passat, New Sunny, Audi Q5, Audi A6L, Sagitar, Golf A7, Skoda, Roewe, Crown, Reiz, Corolla, Teana and others. The Company distributes its products within domestic market and to overseas markets.
NINGBO HUAXIANG ELECTRONIC CO., LTD. 
