Shenzhen Zestnation Technology Co., Ltd. announced that it expects to receive CNY 100 million in funding from Dongguan Aohai Technology Co., Ltd.
Shenzhen Zestnation Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 100 million on October 27, 2021. The transaction will include participation from returning investor Dongguan Aohai Technology Co., Ltd. to retain its 100% stake in the company. The transaction has been approved at the 11th meeting of the second session of the board of directors of the investor.