Beijing Digital Grid Technology Co., Ltd. announced that it expects to receive CNY 500 million in funding from Hangzhou Lianluo Interactive Information Technology Co.,Ltd
Beijing Digital Grid Technology Co., Ltd. announced that it will receive CNY 500,000,000 in an equity round of funding from returning investor, Hangzhou Liaison Interactive Information Technology Co., Ltd. (SZSE:002280) on January 4, 2017. Post the transaction, the registered capital of the company will increase from CNY 1,180,000,000 to CNY 1,680,000,000 and investor will retain its stake at 100% in the company. The transaction was approved at 29th session of 4th directorate of the investor and does not require its shareholders’ approval.