HONG KONG, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Fenbo Holdings Limited (Nasdaq: FEBO) (the “Company”, “we”, “our”, “us” or “FEBO”), an established original equipment manufacturer (OEM) for a global home essential company, producing electrical hair styling products under the “Remington” brand which are sold to overseas markets, today announced its unaudited financial results for the six months ended June 30, 2024.
Hong Kong-based financial services firm Garden Stage offered more shares and priced at the low end to raise $10 million at a $64 million market cap. This past week, product testing and certification provider UL Solutions and Chinese EV brand ZEEKR reportedly pushed back their respective offerings to 2024. This past week saw confidential filing news from several big names, including fast fashion giant SHEIN, bakery café chain Panera Brands, and alternative asset manager HPS Investment Partners.
Fenbo Holdings Limited has filed for a $5 million IPO to raise capital for its personal care electric appliances business. The company's financial performance has been declining, with decreasing revenue, gross profit, and cash flow from operations. The IPO carries risks such as reliance on a single customer and exposure to regulatory and financial changes in China.