Jingdezhen Chicheng Green Building Technology Co., Ltd. announced that it expects to receive CNY 15 million in funding from Hang Xiao Steel Structure Co.,Ltd
January 08, 2019
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Jingdezhen Chicheng Green Building Technology Co., Ltd. announced that it has entered into a cooperation agreement with Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) for private placement of shares for gross proceeds of CNY 15 million on January 9, 2019. The investor will acquire 18.75% stake in the company. Post the transaction, the registered capital of the company will increase to CNY 80 million. The transaction was approved by the shareholders at the 91st session of the 6th directorate meeting.
HANG XIAO STEEL STRUCTURE CO., LTD, formerly Zhejiang Hangxiao Steel Structure Co., Ltd., is a China-based company, principally engaged in the design, manufacture and installation of steel structure products. The Company's products include multi- and high-floor steel structure products, lightweight steel structure products, space steel structure products and construction materials. The Company is also engaged in the sales of real estate and property management businesses. It distributes its products within domestic market and to overseas markets.
Jingdezhen Chicheng Green Building Technology Co., Ltd. announced that it expects to receive CNY 15 million in funding from Hang Xiao Steel Structure Co.,Ltd