Qingdao TGOOD High Voltage Apparatus Co., Ltd. announced that it expects to receive CNY 529.532701 million in funding from Qingdao TGOOD Electric Co., Ltd.
June 29, 2021
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Qingdao TGOOD High Voltage Apparatus Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 529,532,701.36 from existing investor, Qingdao TGOOD Electric Co., Ltd. on June 30, 2021. The transaction has been approved by the 27th session of the company’s 4th directorate and the 19th session of the company’s 4th supervisory board. CNY 79,750,000 out of CNY 529,532,701.36 Will be added as registered capital. As a part of the transaction, company’s registered capital will increase from CNY 384,600,000 to CNY 464,350,000.
Qingdao TGOOD Electric Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sale of unit power transformation and distribution products. The Companyâs main products include outdoor box electrical power equipment and indoor switch cabinets. The Company's products are mainly applied in railway, electrical power and coal industries. The Company is also involved in photovoltaic power generation project Engineering Procurement Construction (EPC), the manufacture and sale of new energy vehicle charging and replacement equipment and related products, the construction and operation of new energy vehicle charging stations, finance leasing and solid heat storage businesses.
Qingdao TGOOD High Voltage Apparatus Co., Ltd. announced that it expects to receive CNY 529.532701 million in funding from Qingdao TGOOD Electric Co., Ltd.
QINGDAO TGOOD ELECTRIC CO., LTD. 
