The introduction of strategic shareholders FeiDa

Mainland Headwear (01,100) yesterday announced the introduction of New Era Caps Co. Inc (NEC) as a strategic shareholder, NEC subscription 1675.8 million shares of the company, accounting for 5.26% of the issued share capital; At the same time, the issue of new shares FeiDa 6284.3 million, accounting for issued share capital of about 19.74 percent, the net proceeds of about 14.06 million yuan.

Resume trading after the sharp rise in equity prices more than 6%

FeiDa once the suspension yesterday morning, to resume trading this afternoon after the sharp rise in equity prices closed at more than 6 percent, to close at 0.97 yuan. Vice Chairman and Managing Director yesterday that the strategic partnership with NEC, the planned increase in eight months, 1200 workshop.

Mainland Headwear was issued shares of the money has been spent, mainly used for general working capital. means that the shares issued at a price of 0.844 Hong Kong dollar, representing a discount to the closing price before the suspension of about 7.25%. She also pointed out, NEC set up a company for the United States, annual production of more than 35 million cap. NEC is also the main cheap New Era Caps New Era Apparel Goods Manufacturers and founder. She added that the industry is going through a difficult period now, so FeiDa strategic partnership with NEC.

In the financial tsunami, the more difficult enterprise. said that Hong Kong businessmen operating in mainland China are becoming more difficult, since the company received orders for the Christmas Day has been reduced to two as the two into a half. She added that Mainland Headwear is currently operating normally, no reduction in staff salaries or to increase the price plan. Company is cash on hand by around 1.5 billion, at the same time there is no option on the cumulative investment in the company's very healthy financial position.

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