2024-09-09
Fenbo Holdings Limited, an established original equipment manufacturer (OEM) that produces electrical hair styling products under the "Remington" brand, seeks to raise as much as $5 million by selling new shares via a follow-on deal after its initial public offering late last year, according to a company filing in August.
Fenbo intends to use approximately 20% of the net proceeds to bolster its research efforts on developing new products; approximately 40% of the net proceeds to develop its own branded products; approximately 30% to form an expanded sales team for marketing its own branded products; and approximately 10% for general working capital, according to the filing.
Headquartered in Hong Kong, Fenbo represents over 30 years of experience producing personal care electric appliances (principally electrical hair styling products) and toys products to overseas markets. The company, since 2006 also has been served as an OEM and ODM for Spectrum Brands, a global home essential company, and its sole customer, producing electrical hair styling products, under the "Remington" brand which Spectrum Brands has the right of the use of, and which are currently sold to Europe, United States and Latin America, according to its website.
ukrainian street cleaner pauses briefly during drone strike but then gets back to business
cia issues eerie video urging chinese citizens to 'share the truth' about government
venezuelan nobel peace prize winner gives her medal to donald trump
iran warns 'next time the bullet won't miss' in direct threat to donald trump
queues round the block for $1bn six flags theme park in saudi arabia
putin fires feared military commando he awarded hero of russia to a year ago
©copyright 2009-2020 Diet Tips Daily