Yantai Eddie Precision Machinery Co., Ltd. announced that it has received CNY 699.999982 million in funding from Yantai Junping Investment Co., Ltd., Shandong Jiashen Investment Co., Ltd.
December 25, 2019
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On December 26, 2019, Yantai Eddie Precision Machinery Co., Ltd. (SHSE:603638) closed the transaction. The company issued 27,461,749 shares at a price of CNY 25.49 per share for gross proceeds of CNY 700,000,000. The shares issued are not transferable within 36 months after the issuance. On December 24, 2019, the company completed the registration procedures for the newly issued shares.
Yantai Eddie Precision Machinery Co., Ltd. is a China-based company principally engaged in the research of hydraulic technology as well as the production and sales of hydraulic products. The Company's main products include hydraulic breakers, such as hydraulic breakers as well as the hydraulic products such as hydraulic pumps, hydraulic motors and multi-way control valves. The Company conducts its business both in the domestic market and overseas markets.
Yantai Eddie Precision Machinery Co., Ltd. announced that it has received CNY 699.999982 million in funding from Yantai Junping Investment Co., Ltd., Shandong Jiashen Investment Co., Ltd.
YANTAI EDDIE PRECISION MACHINERY CO., LTD. 
