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.
King Charles sends ‘deepest condolences’ after death of ‘dear cousin’ the King of Norway
Fears of new floods rise in Nepal after rescue efforts suspended
First picture of British tour group who crossed Nepal border and haven’t been heard from since
Will glacier collapses become more common – and how devastating are they?
Russian drones stray into a nearby country celebrating its Independence Day
New video shows terrifying power of flash flooding faced by workers in Nepal
©copyright 2009-2020 Singapore Info Map