Shanghai Jinming Intelligent System Co., Ltd. announced that it expects to receive CNY 30 million in funding from Shanghai Huaming Intelligent Terminal Equipment Co., Ltd.
April 21, 2021
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Shanghai Jinming Intelligent System Co., Ltd. announced that it will receive CNY 30,000,000 in an equity round of funding on April 22, 2021. The transaction will include participation from returning investor, Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. (SZSE:300462) to retain 100% stake in the company. The transaction has been approved in the sixth meeting of the fourth board of directors and the fifth meeting of the fourth board of supervisors of the investor and does not need to be submitted to its shareholders. Post to the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 50,000,000.
Shanghai Huaming Intelligent Terminal Equipment Co Ltd is a China-based company engaged in the research and development of system terminal equipment. The Company's main business is the research and development, production, sales and maintenance of terminal equipment for automatic fare collection systems in rail transit, bus rapid transit (BRT) and other fields, as well as system integration, equipment supply and technology for ticketing and access control systems for venues and attractions. Serve. The Company's products mainly include automatic fare collection systems (AFC), automatic ticket vending machines (TVM), automatic ticket gate machines (AGM), card vending machines (CVM) and others. The Company is also engaged in the electronic label business, providing on-board electronic labels (OBU), roadside units (RSU) and other products. The Company mainly conducts its business in the domestic market.
Shanghai Jinming Intelligent System Co., Ltd. announced that it expects to receive CNY 30 million in funding from Shanghai Huaming Intelligent Terminal Equipment Co., Ltd.
SHANGHAI HUAMING INTELLIGENT TERMINAL EQUIPMENT CO., LTD. 
