SINOHUB
Completes US$1,385,000 Mezzanine Round - Company Will Use New
Funding to Prepare for Listing on the NASD OTCBB in the USA
Released
on: January 16, 2008, 1:15 am
Press
Release Author: Henry T. Cochran
Industry:
Transportation
& Logistics
Press
Release Summary: SinoHub Technology Company, Ltd. has successfully
closed a US$1.385 million mezzanine financing round, which will
be used to prepare for the Company’s expected listing on the
NASD OTCBB in the USA in Q2 2008. This mezzanine round was led by
electronic component supply chain management services veteran Mr.
Li Xian Qiu.
Press
Release Body: SHENZHEN, PR CHINA, December 28, 2007 – SinoHub
Technology Company, Ltd., owner of the
leading electronic component supply chain management platform in
China, today announced that it has successfully closed a US$1.385
million mezzanine financing round. This mezzanine round
was led by electronic component supply chain management services
veteran Mr. Li Xian Qiu. The company will use the
funds to prepare for its expected listing on the NASD OTCBB
in the USA in Q2 2008. Following this event, SinoHub
will be in position to become the standard electronic component
supply chain management platform for China.
Latest
reports show the volume of electronic components being imported
into PR China has crossed the US$ 5 billion per month mark and that
the development of new fabrication facilities for electronic components
inside China is proceeding very quickly. To support this growth,
specialized supply chain management services (SCM) companies are
starting to take over the home grown import logistics services of
suppliers which have been at best a distraction and at worst an
inefficient waste of money. At the same time, SCM companies are
helping OEMs/EMS providers reduce inventories and outsource non-core
operations by providing VMI/Just-In-Time delivery and procurement
fulfillment services.
SinoHub
Electronic Component Supply Chain Management Platform The Integrated
Supply Chain service platform provided by SinoHub, with
SinoHub SCM at its core, is tailored to the electronic
components business requirements in China. It helps electronic component
industry participants reduce inventory costs, shorten purchasing
lead-time and solve RMB purchasing and VAT invoicing problems. Our
customers are taking advantage of our SCM platform to solve information,
money and material flow bottlenecks that restrain their development
and growth.
“SinoHub
is well on the way to branding their name to be synonymous
with world-class electronic component supply chain management services
in China,” said Mr. Li Xian Qiu. “The
platform they have built, which consists of the integration of SinoHub
SCM (a proprietary, world-class, online, SCM MIS
system), logistics service centers in key distribution/manufacturing
cities, and a hundred person strong service staff team that has
deep electronics knowledge, is propelling their rapid growth.”
“This
commitment from our mezzanine round investors provides solid backing
for SinoHub to take our company to the next level,”
said Harry Cochran, CEO of SinoHub. “Our
business is extremely scalable. We have the ability to deploy new
funding profitably at a very fast rate. Now that we have reached
the exponential part of the growth curve, I expect SinoHub to move
quickly into a dominant market position.”
About
SinoHub
SinoHub Technology Company, Ltd. was organized
in Shenzhen in September 2000 by veteran entrepreneur Harry
Cochran and electronic component industry veteran Lei
Xia to
facilitate the electronics revolution in China by providing world-class
services and MIS for all participants in the supply chain of electronic
components. For more information, please visit our Web site at www.sinohub.com.
Web
Site: http://www.sinohub.com
Contact
Details: SinoHub
Address:
Room B, 2nd Floor, M-10, Central (W.), Shenzhen High-Tech Park,
Shenzhen,
China
Tel: +86-755-2601-2481
Fax: +86-755-2601-2224
email: falicia@sinohub.com
Back
to previous page...
Back
to home page...
Submit
your press releases...
|
2012
