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Fujian Furi Electronics Co Ltd to Issue A Shares in Private Placement

Sunday, 14 Jul 2013 08:00pm EDT 

Fujian Furi Electronics Co Ltd announced that it will issue up to RMB 50 million A shares of common stock with par value of RMB 1.00 per share at RMB 6.41 per share in private placement. Partial funds will be used to purchase a 92.80% stake in a Shenzhen-based photoelectric company, which is engaged in the production of light emitting diode (LED) display, power source, lighting products and parts, and sale of photoelectric and electronic products, from Chen Zebo, Chen Tao, Shi Jiangong and a Shenzhen-based investment limited partnership enterprise. 30% of the funds will be used to repay bank loans. 

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26 Dec 2014