Hongtong Technology Co., Ltd. announced that it expects to receive CNY 221.35 million in funding from TPK Glass Solutions Inc., TES Touch Embedded Solutions Co., Ltd.
April 25, 2024
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Hongtong Technology (Xiamen) Co., Ltd. announced that it has entered into an agreement to raise CNY 221.35 million in a equity funding on April 26, 2024. The transaction will include participation from returning investors, TES Touch Embedded Solutions (Xiamen) Co., Ltd. for CNY 154.945 million of which CNY 66.5 million was included in the registered capital and CNY 88.445 million was included in the capital reserve and TPK Glass Solutions (Xiamen) Inc. for CNY 66.405 million of which CNY 28.5 million was included in the registered capital and CNY 37.905 million was included in the capital reserve. The transaction has been approved at the 26th meeting of the company's second board of directors and second special meeting of independent directors in 2024.
TES Touch Embedded Solutions Xiamen Co Ltd is a China-based company that mainly provides overall solutions for commercial intelligent interactive display devices. The Company focuses on research, development, design, production and sales services of customized commercial intelligent interactive display devices. Its products mainly include intelligent interactive displays, intelligent interactive all-in-one machines and intelligent interactive display equipment components. Its products are used in terminal fields such as retail, finance, industrial automation, medical treatment, catering, express logistics, games and entertainment, transportation and public utilities. The Company conducts its businesses within the China market and to overseas markets such as the Americas, Europe and Asia.
Hongtong Technology Co., Ltd. announced that it expects to receive CNY 221.35 million in funding from TPK Glass Solutions Inc., TES Touch Embedded Solutions Co., Ltd.