Ningbo Orient Wires & Cables Co.,Ltd. announced that it has received CNY 709.999984 million in funding from Ningbo Orient Group Co., Ltd., Golden Eagle Asset Management Co. Ltd., Goldstate Capital Fund Management Co., Ltd., Manulife Teda Fund Management Co., Ltd.

On December 08, 2018, Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) closed the transaction. The transaction included participation from Ningbo Orient Group Co., Ltd. for 8,695,652 shares, Golden Eagle Asset Management Co. Ltd. for 17,652,173 shares, Goldstate Capital Fund Management Co., Ltd. for 18,000,000 shares and, Manulife Teda Fund Management Co., Ltd. for 17,391,304 shares. The company paid issuance fees of CNY 3,421,452.