Fenglin Group announced to issue non-public shares to 10 specific investors including Sophia investment

By CnAgri2017-04-06 09:26:29 Print On March 26^th, Fenglin Group announced to issue non-public shares to 10 specific investors including Sophia investment. The totally raised funds would be no more than RMB 870 million. Sophia Investment planned to purchase no less than RMB 220 million in cash. All of the raised funds would be used for the construction of a chipboard production line of 600,000 cubic meters/year in New Zealand.