Shenyang Siasun Investment Management Co., Ltd. announced that it expects to receive CNY 600 million in funding from SIASUN Robot & Automation Co., Ltd., Liaoning Neusoft Venture Capital Ltd.
January 14, 2017
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Shenyang Siasun Investment Management Co., Ltd. announced that it has entered into a capital increase agreement to receive CNY 600 million in funding on January 15, 2017. The transaction will include participation from existing investor, SIASUN Robot & Automation Co., Ltd. (SZSE:300024) for CNY 180 million, which currently holds 100% stake in the company and will hold 40% stake upon closing and new investor, Liaoning Neusoft Venture Capital Ltd. for CNY 420 million, which will acquire 60% stake in the company. The transaction has been approved at the 6th session of its 6th directorate meeting of SIASUN Robot & Automation Co., Ltd. (SZSE:300024). The registered capital of the company will increase from CNY 100 million to CNY 700 million upon closing.
SIASUN Robot & Automation Co., Ltd. specializes in the design, manufacturing and marketing of industrial robots and automation systems. The group provides articulated and linear industrial robots, automated material handling systems, clean room automation equipment (clean room robots, vacuum arms, automatic alignment equipment, automatic lifting devices, etc.), logistics and storage automation equipment, energy equipment automation products (pipeline handling machines, automatic workover rigs, derrick cranes, automatic iron roughnecks, hydraulic automatic lift pillows, etc.), laser welding machines, automated assembly and testing production, etc.
China accounts for 93.7% of net sales.
Shenyang Siasun Investment Management Co., Ltd. announced that it expects to receive CNY 600 million in funding from SIASUN Robot & Automation Co., Ltd., Liaoning Neusoft Venture Capital Ltd.