Beijing Career International Co., Ltd. announced that it has received CNY 759.999974 million in funding from a group of investors
July 26, 2021
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On July 27, 2021, Beijing Career International Co., Ltd. closed the transaction. The company amended the terms of the transaction. The company issued not more than 14,094,955 A shares at an issue price of CNY 53.92 per share for gross proceeds of not more than CNY 759,999,973.6 in the transaction. The transaction included participation from China Asset Management Co., Ltd. who subscribed for 4,358,308 shares for gross proceeds of CNY 234,999,967.36; Yuntai Zhixing Private Securities Investment Fund for CNY 64,999,966.88 and Yuntai Minghui Private Securities Investment Fund for CNY 49,999,962.08, funds managed by Shenzhen Yuntai Investment Management Co., Ltd. for gross proceeds of CNY 114,999,928.96; GF Fund Management Co., Ltd. for 1,854,604 shares for gross proceeds of CNY 100,000,247.68 and other investors. The company incurred expenses of CNY 11,886,698.11 and received net proceeds of CNY 748,113,275.49. The shares will be subject to hold period of six months from the issuance.
Beijing Career International Co Ltd is a company mainly providing human resources related services. The Company has three major businesses which are flexible employment, middle and high-end talents searching and recruitment process outsourcing. The flexible employment services provided include job outsourcing, business process outsourcing, offshore outsourcing, part-time services and talent dispatch. The middle and high-end talents searching business is involved in searching middle and high-end management and professional technical talents for clients. The Company also operates the development of online platforms to serve recruitment, onboarding, attendance and other human resources activities, and its software-as-a-service (SaaS) products include Ruiping SaaS resume management software and Hialari attendance and salary management software.