Anhui Sinonet & Xinlong Science & Technology Co., Ltd. announced that it has received CNY 330.999955 million in funding from Zhenjiang Yinhe Venture Capital Co., Ltd., Yancheng Kangyan Information Industry Investment Partnership (L.P.), UBS AG, and other investors
April 25, 2021
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On April 26, 2021, Anhui Sinonet & Xinlong Science & Technology Co., Ltd. (SZSE:002298) closed the transaction. The company has issued 48,604,986 A shares at a price of CNY 6.81 per share for gross proceeds of CNY 330,999,954.66 in the transaction, out of which, CNY 48,604,986 is included in registered capital and rest CNY 275,743,639.74 will be included in capital reserve. The company has paid CNY 6,651,328.92 as issue expenses and received net proceeds of CNY 324,348,625.74 in the transaction. The transaction included participation from Yancheng Kangyan Information Industry Investment Partnership (L.P.) for 29,368,575 shares, Huang Shuxun for 4,111,600 shares, Leslie Cheung for 3,817,914 shares, Zhang Yongheng for 2,349,486 shares, Ren Wei and UBS AG for 1,468,428 shares each, Zheng Ruheng for 881,057 shares, Yinhe Investment Private Equity No. 1 Private Equity Fund, a fund managed by Zhenjiang Galaxy Venture Capital Co., Ltd., Yu Zhenhuan, Xu Yusheng, Yue Zhangxu, Zheng Lili, Li Wenjie, and Zhu Maochang for 734,214 shares each.
ANHUI SINONET & XINLONG SCIENCE & TECHNOLOGY CO., LTD., formerly Anhui Xinlong Electrical Co., Ltd., is a China-based company, principally engaged in the manufacture and distribution of electric machines and equipment. The Company operates in three segments, including Electric Machines and Equipment Manufacturing, Professional Technological Services, as well as Software and Information Technology Services. The Company mainly provides public safety products, project construction and operation services, new energy products and power design and services. Its products are mainly applied in public security, military, municipal departments and business units, among others. The Company distributes its products primarily in domestic markets.
Anhui Sinonet & Xinlong Science & Technology Co., Ltd. announced that it has received CNY 330.999955 million in funding from Zhenjiang Yinhe Venture Capital Co., Ltd., Yancheng Kangyan Information Industry Investment Partnership (L.P.), UBS AG, and other investors