Lianhe Sowell International Group (LHSW) said Monday that it received a non-binding letter of intent for up to 200 million Chinese renminbi ($27.6 million) in funding from Hangzhou Yuhang Economic Development Equity Investment Fund.
The company said final investment terms will be subject to a definitive deal with the fund and it plans to use the funds to support the research and development of its industrial robots and the construction of its manufacturing facility in China's Zhejiang province.
Shares of Lianhe Sowell International were down more than 20% in recent Monday trading.
Price: 2.39, Change: -0.61, Percent Change: -20.33
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。