Fastprint Hong Kong Co., Ltd. announced that it expects to receive CNY 196.29 million in funding from Shenzhen Fastprint Circuit Tech Co., Ltd.
April 12, 2021
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Fastprint Hong Kong Co., Ltd. announced that it will receive $30,000,000 (CNY 196,290,000) in an equity round of funding on April 13, 2021. The transaction included participation from existing investor, Shenzhen Fastprint Circuit Tech Co., Ltd. Post transaction, the investor retained 100% stake in the company. The registered capital of the company will increase to $42,001,280 (CNY 274,814,375). The transaction has been approved by board of directors of Shenzhen Fastprint Circuit Tech Co., Ltd. in its 27th meeting of the fifth board of directors. The foreign investment matters are subject to the approval authority of the board of directors and do not need to be submitted to the shareholders meeting for deliberation. The transaction needs to complete the filing and approval of relevant government departments such as Shenzhen Municipal Bureau of Commerce, Shenzhen Development and Reform Commission, and Ministry of Commerce. Hingsen Hong Kong's main financial indicators.
SHENZHEN FASTPRINT CIRCUIT TECH CO., LTD. is a China-based company, principally engaged in the design, research and development, manufacture and distribution of printed circuit boards (PCBs). The Company's products mainly include samples and small-lots of PCBs, principally applied in communication, defense, aerospace, medical electronics, industrial control and computer applications, among others. The Company is also engaged in the provision of military products and semiconductors. The Company distributes its products within domestic market and to overseas markets.