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Share Name | Share Symbol | Market | Type |
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TSXV:SYL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISTRIBUTON TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX VENTURE:SYL), is pleased to announce that it has closed a non brokered private placement of 2,387,119 Units at a price of $0.25 per Unit for gross proceeds of $596,779.75 (the "Offering"). Each Unit consists of one common share and one half of one common share purchase warrant, each whole warrant will entitle the holder thereof to purchase an additional common share of the Company at a price of $0.40 until June 3, 2012. The Company will use the proceeds raised from the Offering for general working capital. The common shares and warrants issued pursuant to the Offering are subject to a four month hold period expiring on October 4, 2010. About the Company The Company, is engaged in the business of development, manufacture, and sales of elevators in the People's Republic of China ("China"), as well as the provision of after-sales services in China and worldwide. The Company's products and services include a main line of standardized products such as passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways, in addition to customized elevator products. The Company distributes its products in China through a sales network of more than 200 agents and distributors and also has sales networks operating in 17 other countries. The Company's 10,000-square-meter manufacturing facility is located in the Xishan Economic Development Zone in the city of Wuxi, China. The Company's operations employ approximately 122 employees.
1 Year Symax Lift (Holding) Co. Ltd. Chart |
1 Month Symax Lift (Holding) Co. Ltd. Chart |
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