China Security & Fire Co., Ltd., held the 16th Meeting of 9th Board on January 4, 2014. This meeting involved a general meeting and video conference. A total of six resolutions including, Resolution on Trading Resumption Delay for the 3rd Time due to Planning of Non-public Offerings, Resolution on Establishing a Wholly-owned Subsidiary in Shanghai, and Resolution on Establishing a Subsidiary in Singapore were passed.
Stock trading in China Security & Fire has been suspended since December 14, 2015. After discussion and negotiations with various parties, China Security & Fire has decided on a strategic plan to look at non-public offerings. The raised funds would be used for asset purchase, system integration, project investment, constructing security operation service platforms and to supplement working capital. The assets proposed to be purchased include Guardforce Security Services (Thailand) Company Limited’s assets. China Security & Fire is in active discussions with other companies as well.
About China Security & Fire Co., Ltd. (Ticker: SH600654)
China Security & Fire has a registered capital of over RMB1.2 billion, has over 7,000 employees, and brings together many famous Chinese and international system integration companies, security operation companies and manufacturing companies for smart security products. Its business range covers system integration, operation services and product manufacturing. China Security & Fire is committed to becoming a world-class comprehensive security operator and integrator for smart city systems globally.
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