Santai Group (HK) Limited announced that it expects to receive CNY 755.555556 million in funding from Sichuan Development Lomon Co., Ltd.
Santai Group (HK) Limited announced that it will receive not more than CNY 755,555,556 in equity round of funding from existing investor Chengdu Santai Holding Group Co., Ltd. on January 15, 2021. The investor will continue to own 100% stake in the company. The transaction has been approved by the 46th session of 5th directorate of the investor. The company will sign a capital increase agreement with the investor.