Goldensea Technology Co., Ltd. announced that it expects to receive $7.5 million in funding from Zhejiang Goldensea Environment Technology Co.,Ltd
July 21, 2019
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Goldensea Technology (Thailand) Co., Ltd. announced that it will receive $7.5 million in an equity round of funding on July 22, 2019. The transaction will include participation from existing investor Zhejiang Goldensea Environment Technology Co.,Ltd (SHSE:603311). Post-completion of the transaction, the investor will retain 100% stake in the company. The transaction has been approved in the 13th meeting of the 3rd directorate of the investor and does not require shareholder approval. The transaction is subject to approval from the domestic business bureau, the Development and Reform Bureau.
Zhejiang Goldensea Hi-Tech Co Ltd, formerly Zhejiang Goldensea Environment Technology Co Ltd, is a China-based company mainly engaged in the research, development and manufacturing of high-performance filter materials, functional filter materials and functional filters. The Company's main products include high-performance filter materials, filter nets, air purifier filters, fresh air system filters, automotive air conditioning filters, rail transit air conditioning filters, oil fume filters, ventilating fan filters, air conditioning fans and full heat switch, etc. Its products are used in household and commercial central air conditioners, air purifiers, air conditioning filtration systems and fresh air systems for automobiles, trains, airplanes and ships. The Company operates its businesses within the China market and to overseas markets.