Shanghai Aiyan Semiconductor Co., Ltd. announced that it expects to receive CNY 107 million in funding from GuiZhou YongJi Printing CO.,LTD
September 10, 2021
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Shanghai Aiyan Semiconductor Co., Ltd. announced that it will raise CNY 107 million in an equity round of funding on September 11, 2021. The transaction included participation form GuiZhou YongJi Printing CO., LTD. The investor will hold 51% stake post transaction. The transaction will take place in two tranches. The first tranche will happen within 10 working days after the completion of the capital increase, for CNY 45 million of which CNY 2,188,633 will be added as paid-in capital, the remaining will be added as capital reserve. The second tranche will happen within 18 months after receiving the first tranche, for CNY 62 million of which CNY 3,015,449 will be added as paid-in capital, the remaining will be added as capital reserve. The company's registered capital will increase from CNY5 million to CNY 10,204,082 post transaction. The company will use CNY 5,204,082 to paid-in capital, the remaining as capital reserve.
GuiZhou YongJi Printing Co Ltd is a company engaged in design, production and sales of packaging printed matter. The Company operates two businesses. The cigarette label business is engaged in providing packaging and printing services for cigarette companies. The Company is also engaged in medicine label and alcohol label business.