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The Recent 5.6% Gain Must Have Brightened CEO Yifeng Li's Week, Bear Electric Appliance Co.,Ltd.'s (SZSE:002959) Most Bullish Insider
Bear Electric Appliance (002959.SZ): Terminated part of the initial public offering fundraising projects and will permanently supplement the remaining raised funds to working capital.
On December 10, Gelonghui reported that Bear Electric Appliance (002959.SZ) announced that the Board of Directors agreed to terminate the initial public offering fundraising project "Creative Small Appliances (Leliu) Base Project" (referred to as the "Leliu Base Project"), and the remaining raised funds of 130,833,766.19 yuan (accounting for 13.97% of the total net raised funds, including the net amount of accumulated bank deposit interest after deducting bank fees, and the actual amount for replenishing working capital will be based on the actual amount in the Account on the day, same below) will be permanently used to replenish working capital in order to improve the efficiency of the use of raised funds.
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Bear Electric Appliance (002959.SZ): Expanding overseas markets vigorously.
Gelonghui on November 1st: bear electric appliance (002959.SZ) stated at the investor relations event that the company's overseas income ratio is low, which is also an opportunity for the company. The company is vigorously expanding into overseas markets, mainly through the following three channels: 1) cross-border e-commerce; 2) Southeast Asian brand globalization; 3) ODM\OEM. The company focuses more on its own brand globalization, with ODM\OEM as a support. The company is increasing resources for the overseas team, internally strengthening the cultivation and development of overseas organizations. In key overseas markets, the company has also started to invest in branding to increase brand awareness and influence. Taking a categorical approach
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