Jiangsu Tuoyuan Power Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Sinostar Cable Co., Ltd.
April 11, 2021
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Jiangsu Tuoyuan Power Technology Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding on April 12, 2021. The transaction will include participation from returning investor, Sinostar Cable Co., Ltd. (SZSE:300933) to retain 100% stake in the company. The registered capital of the company will be increased from CNY 50,000,000 to CNY 100,000,000. The transaction has been approved at the tenth meeting of the second board of directors and does not need to be submitted to the general meeting of shareholders for review and approval.
Sinostar Cable Co Ltd is a China-based company principally engaged in the research and development, production and sales of wires and cables and cable accessories. The Company's main products are 110kV and below power cables, 750kV and below bare wires, wires and cables for electrical equipment and cable accessories. The Company's specific products include power cables (high, medium and low voltage), overhead conductors, overhead insulated cables, rail transit cables, wind energy cables, halogen-free PV cables for photovoltaic systems, mining cables, marine cables, computer cables, control cables, various types of fire-resistant and flame-retardant cables, household appliances wires, civil wires and other wires and cables, as well as 110kV and below cold-shrinkable and heat-shrinkable cable accessories, plug-in parts and power cable protective drive pipes. The Company mainly distributes its products in the domestic market.
SINOSTAR CABLE CO., LTD 