Shanghai Yiwo Information Technology Co., Ltd. announced that it expects to receive CNY 17.777778 million in funding from 5I5J Holding Group Co., Ltd.
January 23, 2019
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Shanghai Yiwo Information Technology Co., Ltd. announced that it has entered into a capital purchase agreement of common shares for gross proceeds of CNY 17,777,778 with new investor, 5I5J Holding Group Co., Ltd. (SZSE:000560) on January 24, 2019. The company will include some part of the proceeds towards the registered capital and the rest will be included in the capital reserves of the company. Post the transaction, the registered capital of the company will increase from CNY 120,370 to CNY 133,744 and the company will hold 9.997% stake in the company.
5I5J HOLDING GROUP CO., LTD. is a China-based company mainly engaged in the real estate business. The Company operates three main businesses. Real estate brokerage business includes second-hand house brokerage business, new house business and overseas business. The property management business is engaged in the residential leasing and property management. The commercial asset management business is engaged in the management of commercial rental operations such as department stores. The Company is also engaged in commercial retail, hotel travel services, real estate development, property services and other services. The Company conducts its business within the domestic market and to overseas markets.