Huazhong Numerical Control Research Institute Co., Ltd announced that it expects to receive CNY 20 million in funding from Wuhan Huazhong Numerical Control System, Inc.
December 26, 2021
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Huazhong Numerical Control (Wenling) Research Institute Co., Ltd announced that it will receive CNY 20,000,000 in an equity round of funding on December 27, 2021. The transaction will include participation from existing investor Wuhan Huazhong Numerical Control System, Inc. Pursuant to the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 30,000,000. The transaction has been approved at the 27th meeting of 11th directorate of the company's parent and does not require shareholder approval.
Wuhan Huazhong Numerical Control Co.,Ltd. is mainly engaged in computerized numerical control (CNC) system supporting business, industrial robot and intelligent manufacturing business and new energy vehicle supporting business, as well as the provision of education and teaching program services. Its CNC system supporting business mainly provides CNC system support and services. Its industrial robots and automation business provides multi-joint industrial robots and robotics core components and controllers, as well as intelligent production lines and smart factories overall solutions. Its education and teaching program service business provides professional construction programs, teacher training and training base construction programs. Its new energy vehicle supporting business is mainly engaged in the product development of new energy vehicle servo motors, new energy vehicle drives and new energy vehicle controllers, as well as the technical research of vehicle body weight reduction.
Huazhong Numerical Control Research Institute Co., Ltd announced that it expects to receive CNY 20 million in funding from Wuhan Huazhong Numerical Control System, Inc.
WUHAN HUAZHONG NUMERICAL CONTROL CO.,LTD. 
