C&S Paper Co., Ltd. announced that it expects to receive CNY 518 million in funding from C&S Paper Co.,Ltd
December 05, 2019
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C&S (Yunfu) Paper Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 518,000,000 in a round of funding on December 5, 2019. The transaction will include participation from returning investor C&S Paper Co.,Ltd (SZSE:002511) to retain 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 132,000,000 to CNY 650,000,000. The transaction has been approved in the 4th directorate in its 19th meeting of the investor and is subject to shareholder's approval of the investor.
C&S Paper Co.,Ltd is a China-based company principally engaged in the production, processing and sales of household paper products. The Company's main products include roll paper and non-roll paper tissue products. The Company owns brand names of C&S and Sun. The Company distributes its products in the domestic market.