Zhejiang Hongfeng Copper Foil Co., Ltd. announced that it expects to receive CNY 45 million in funding from Wenzhou Hongfeng Electrical Alloy Co., Ltd.
April 25, 2023
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Zhejiang Hongfeng Copper Foil Co., Ltd announced that it will receive CNY 45 million in an equity round of funding on April 26, 2023. The total amount included CNY 11.25 million for registered capital and CNY 33.75 million for capital reserve. The transaction will include participation from returning investor Wenzhou Hongfeng Electrical Alloy Co., Ltd. After the capital increase, the registered capital of the company will be increased from CNY 50 million to CNY 61.25 million. Post closing, Wenzhou Hongfeng Electrical Alloy Co., Ltd. equity stake in the company will be increased from 70% to 75.51%. The transaction has been approved by the board of directors of Wenzhou Hongfeng Electrical Alloy Co., Ltd.
On June 2, 2023, the company announced that it has completed the change of business registration of its capital increase.
WENZHOU HONGFENG ELECTRICAL ALLOY CO.,LTD. is a China-based supplier of integrated solutions of electrical contact functional materials. The Company is principally engaged in the research, manufacture and sale of electrical contact functional composite materials, components and assemblies. The Company's main products include particulate and fiber reinforced electrical contact functional materials and components, layered composite electrical contact functional materials and components and integrated electrical contact components. The Company's products are mainly used in industrial electrical appliances, household appliances, transportation and control machinery and information engineering. The Company distributes its products in domestic market and to overseas markets.
Zhejiang Hongfeng Copper Foil Co., Ltd. announced that it expects to receive CNY 45 million in funding from Wenzhou Hongfeng Electrical Alloy Co., Ltd.
WENZHOU HONGFENG ELECTRICAL ALLOY CO., LTD. 