Nantong Lianfa Electric Co., Ltd. announce that it will receive CNY 25,200,630 in an equity round of funding on October 30, 2015. The transaction will include participation from a returning investor, Jiangsu Lianfa Textile Co.,Ltd. The investor will maintain its stake at 100% in the company. The company reported total assets of CNY 277,486,000, total liabilities of CNY 108,334,900, net assets of CNY 169,151,200, sales revenue of CNY 280,787,400, total profit of CNY 81,455,200, and net profit of CNY 61,011,900 for the year ended December 31, 2014.
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- Nantong Lianfa Electric Co., Ltd. announced that it expects to receive CNY 25.20 million in funding from Jiangsu Lianfa Textile Co.,Ltd.