Pearl Electric has completed its fundraising
Pearl Electric Co., Ltd. has completed a fundraising. The lead investor of this round of investment was State Development & Investment Corporation (SDIC), in addition to other strategic investors. Pearl Electric’s shareholders wished to raise financing for the expansion of the company’s scale and sales.
Pearl Electric is a leading, high-tech manufacturing enterprise engaged in the production and sale of power transformers and power transmission equipment in China. With 600 employees and more than 260 sets of specialized manufacturing equipment, Pearl boasts an annual output capability of six million transformers, one and a half million reactors and more than 2,000 sets of pad-mounted transformer/prefabricated substations.
Oaklins’ team in Shanghai acted as the sole financial advisor to Pearl Electric in its fundraising.
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