Ningxia Haili Electronics Co., Ltd. announced that it expects to receive CNY 20 million in funding from Nantong Haixing Electronics Co., Ltd.
October 29, 2020
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Ningxia Haili Electronics Co., Ltd. announced that it will receive CNY 20 million in an equity round of funding on October 30, 2020. The transaction included participation from returning investor Nantong Haixing Electronics Co., Ltd. (SHSE:603115). The transaction was approved by ninth meeting of third supervisory and by sixteenth meeting of the third directorate of Nantong Haixing Electronics Co., Ltd. (SHSE:603115). The registered capital of the company will increase from CNY 50 million to CNY 70 million. Post closing of the transaction, Nantong Haixing Electronics Co., Ltd. (SHSE:603115) will hold 57.14% stake in the company, Nantong Haixing Electronics Co., Ltd. and Shizuishan Haichuan Investment Co., Ltd will hold 21.43% each in the company.
Nantong Haixing Electronics Co., Ltd. is a China-based company mainly engaged in research and development, production and sales of electrode foils for aluminum electrolytic capacitors. The Company's main products include medium and high pressure foil products. The Company also produces low-pressure foils, corrosion foils and others. These products are mainly used in aluminum electrolytic capacitors in various fields, including energy-saving lighting, consumer electronics, automotive industry, communication electronics, industrial electromechanical, aerospace and others.
NANTONG HAIXING ELECTRONICS CO., LTD. 
