Beijing Hongyunji Auxiliary materials Supply Chain Management Co., Ltd. announced that it expects to receive CNY 50 million in funding from Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
Beijing Hongyunji Auxiliary materials Supply Chain Management Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding on May 19, 2018. The transaction will include participation from existing investor,Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (SZSE:002271). On closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 100,000,000. On closing, the investor will continue to retain its 100% stake in the company. The transaction was approved at the 44th meeting of the 6th directorate of the investor.