Zaozhuang Fangyuan Testing Certification Inspection Co., Ltd. announced that it expects to receive CNY 15 million in funding from China Building Material Test & Certification Group Co., Ltd., Zaozhuang State-owned Assets Management Co., Ltd., Zaozhuang Kaiyuan Building Materials Technology Co., Ltd.
January 08, 2019
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Zaozhuang Fangyuan Testing Certification Inspection Co., Ltd. announced that it will receive CNY 15 million in a round of funding on January 9, 2019. The transaction will include participation from new investor China Building Material Test & Certification Group Co., Ltd. (SHSE:603060) for CNY 14 million to acquire 70%, existing investors Zaozhuang State-owned Assets Management Co., Ltd. and Zaozhuang Kaiyuan Building Materials Technology Co., Ltd. for CNY 520,000 and CNY 480,000 to hold 15.6% and 14.4% stake in the company respectively. Post the completion of the transaction, the registered capital of the company will increase from CNY 5 million to CNY 20 million. The transaction has been approved by China Building Material Test & Certification Group Co., Ltd. (SHSE:603060) at its 8th session of the 3rd directorate meeting. Out of the total amount, CNY 150,000 will be added to the capital reserve.
China Testing & Certification International Group Co Ltd, formerly China Building Material Test & Certification Group Co Ltd, is a China-based company mainly engaged in inspection and testing business and certification evaluation business. The Company is also engaged in research and development (R&D) and sales of equipment, and extension services. The inspection and testing business mainly includes the inspection fields of construction and decoration materials, construction projects, environmental safety new materials and so on. The certification evaluation business includes mandatory product certification, voluntary product certification, management system certification and others. The extension services mainly include safety production technical services, standardized technical services, capability verification, professional and technical personnel training and others. The R&D and sales of equipment business are engaged in research and sales of special instruments and equipment.
Zaozhuang Fangyuan Testing Certification Inspection Co., Ltd. announced that it expects to receive CNY 15 million in funding from China Building Material Test & Certification Group Co., Ltd., Zaozhuang State-owned Assets Management Co., Ltd., Zaozhuang Kaiyuan Building Materials Technology Co., Ltd.
CHINA TESTING & CERTIFICATION INTERNATIONAL GROUP CO.,LTD. 
