Far East Holding Group Achieves Excellent Performance Repeatedly in Investment in Capital Markets of Enterprises

Source:远东控股 Published: 2017-11-01 Hits:

  Far East Holding Group, the global investment management expert, has adhered to the development strategy of “main business + investment”, with its business focusing on the investment in diverse industries and enterprises including smart energy, massive health, large consumption, great culture, food and beverage, advanced manufacturing industry, industrial automation, TMT and cloud-computing. In October 2017, the capital markets of enterprises invested by Far East Holding Group saw constant breakthroughs: Xiamen Hongxin Electron-Tech Co., Ltd. (hereinafter referred to as “Hongxin Electron-Tech”, stock code: “300657”) released the Pre-arranged Planning on Public Issue of Convertible Bond in Shenzhen Stock Exchange; Happigo Home Shopping Co., Ltd. (hereinafter referred to as “Happigo”, stock code: “300413”) issued the announcement of issuing shares to buy assets and raising supporting fund.

  On October 26, 2017, the announcement that Pre-arranged Planning on Public Issue of Convertible Bond was released by Hongxin Electron-Tech limited the total fund raising to RMB 260 million, which was mainly applied to acquire 49% stock rights of Xiamen Hon-Optronics Tech Co., Ltd. (hereinafter referred to as “Hon-Optronics”).


  Founded in 2003, Hongxin Electron-Tech is committed to the integrated business of R&D, design, manufacturing and sale of Flexible Printed Circuit (FPC), being honored as the Key High and New Technology Enterprise of State Torch Program, Fujian Provincial FPC Engineering Technology Research Center and National Intelligent Manufacturing Pilot Enterprise. The company has made a success in the manufacturing of narrower and smaller line width and feed-through hole’s aperture of electronic circuit, contributing to the 5G and flexible application as an important component manufacturer. The development direction of the company can be embodied by “Three Dedications”: dedication to the research and manufacturing of circuit board and related components of high precision and challenge; dedication to the development into a technology- and intelligence-intensive specialist; dedication to be the world-leading enterprise in flexible printed circuit board (FPCB) industry. Founded in 2011, Hon-Optronics, the original subsidiary of Hongxin Electron-Tech, is the largest domestic FPC manufacturer.

  On September 29, 2017, Happigo issued the Draft Report on Connected Transaction in Issuing Shares to Purchase Assets and Raising Supporting Fund. Happigo is planning to issue shares to Mango Media Communication Co. Ltd. (hereinafter referred to as “Mango Media”) and purchase 84.13% stocks of Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd., 51.8% stocks of Mango Fun, 100% stocks of EE-Media Co., Ltd., 100% stocks of Mango TV and 100% stocks of Mango Entertainment, which are held by Mango Media; Happigo is planning to issue shares to Mango Haitong Creative Culture Investment Fund, Xiamen C&D Inc., Shanghai Guohe Capital, New Alliance Capital, Xiaoxiang Film Group, Shenzhen Guangda New Entertainment Industry Fund, Yuexiu Group, Mango Cultural Creativity Investment Fund, Jiantou Huawen Investment Co., Ltd., Shanghai Junyong Investment Management Co., Ltd., and Zhonghe Dingyuan (Beijing) Investment Management Co., Ltd., to purchase 15.87% stocks of Happy Sunshine, which are co-held by those companies; moreover, Happigo is planning to issue shares to Mango Cultural Creativity Investment Fund, Tibet Taifu Culture Media Co., Ltd., Zhongnan Red Culture Group Equity Co., Ltd., Zhejiang Growth Culture Industry Equity Investment Fund and Shanghai Huawei Investment Fund to purchase 48.2% stocks of Mango Fun, which are co-held by those companies. In the meantime, Happigo is planning to issue private placement of stocks to less than 5 specific investors, and raise supporting fund no more than RMB 2 billion, so as to implement the Expansion Project of Mango TV Copyright Library and Cloud Storage and Multi-Screen Broadcasting Platform Project.

  Happigo fully operates the e-commerce website www.happigo.com and phone shopping project wap.happigo.com. Offering premium goods of all categories to consumers, the website and project cover 6 major business scopes including “skincare”, “sports and health”, “private furniture”, “beautiful clothes and accessories”, “digital home appliance” and “leisure boutique”. Furthermore, they provide such multi-media shopping guide services as video display and live recommender and multiple characteristic services involving happy living artist to create pleasant shopping experience for consumers. Further providing various payments like free telephone ordering, online payment and credit card interest-free installment, Happigo offers the access to safe online shopping to consumers. Meanwhile, it supports the pay on delivery for 255 domestic cities relying on its mighty logistics distribution capacity.

  Far East Holding Group achieves repeated success in investment in fellow enterprises, yielding fruitful harvest in overall investment. By October 31, 2017, the number of companies invested by Far East Holding Group has reached 339, among which 96 were listed companies (28 listed in the New Third Board), and 12 pre-disclosed.

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