Sunrise Luen Thai Textile Joint Stock Company announced a private placement of common shares for gross proceeds of CNY 98 million on November 15, 2021. The transaction will include participation from returning investor Zhejiang Sunrise Garment Group Co., Ltd to retain its 100% stake. The transaction has been approved by the fourth meeting of the second board of directors and the third meeting of the second board of supervisors.
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- Sunrise Luen Thai Textile Joint Stock Company announced that it expects to receive CNY 98 million in funding from Zhejiang Sunrise Garment Group Co., Ltd.