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.
CYCJET: Providing innovative marking solutions for industrial intelligence along the Belt and Road Initiative.
Celebrating in the Sky: China Eastern Airlines to Offer Free In-Flight Wi-Fi as Part of Chinese New Year Connectivity Upgrade
China Eastern Airlines Unveils Top International and Regional Destinations as Chinese New Year Travel Peaks
MEXC COO Vugar Usi on Navigating Crypto's 2026 Reset: Why Retail-First Exchanges Are Winning
CYCJET high-resolution inkjet printers – the "surgical scalpel" for the Russian packaging industry.
2026 Zhongshenghui · Buddhist Faith and Collective Practice Exchange Forum in the Digital Age Successfully Held in Bangkok, Thailand
©copyright 2009-2020 Singapore Info Map