Shanghai Tianchen Health Management Co., Ltd. announced that it expects to receive CNY 300.657534 million in funding from Shanghai Tianchen Co., Ltd, Shanghai Kexun Investment Management Co., Ltd., Shanghai Fengying Enterprise Development Co., Ltd.
May 25, 2021
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Shanghai Tianchen Health Management Co., Ltd. announced a private placement to issue common shares for gross proceeds of CNY 300,657,534.25 on May 26, 2021. The transaction will include participation from returning investor, Shanghai Tianchen Co., Ltd for CNY 255,558,904.11 to retain 85% stake in the company, Shanghai Kexun Investment Management Co., Ltd. for CNY 24,804,246.57 to retain 8.25% stake in the company and Shanghai Fengying Enterprise Development Co., Ltd. for CNY 20,294,383.57 to retain 6.75% stake in the company The registered capital will increase from CNY 1,004,342,465.75 to CNY 1,305,000,000. The transaction has been approved by the 9th meeting of the company's 10th board of directors and still needs to be submitted to the company's shareholders meeting for deliberation.
Shanghai Tianchen Co Ltd is a China-based company principally engaged in the transportation and passenger transportation related businesses. The Company's main businesses include taxi operation and property rental business. The Company's property rental business mainly leases commercial office properties. The Company mainly conducts its businesses in the domestic market.
Shanghai Tianchen Health Management Co., Ltd. announced that it expects to receive CNY 300.657534 million in funding from Shanghai Tianchen Co., Ltd, Shanghai Kexun Investment Management Co., Ltd., Shanghai Fengying Enterprise Development Co., Ltd.