Shanghai Koal Safety Technology Co., Ltd. announced that it expects to receive CNY 5 million in funding from Koal Software Co., Ltd.
September 10, 2020
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Shanghai Koal Safety Technology Co., Ltd. announced that it will receive CNY 5 million in an equity round of funding on September 11, 2020. The transaction will include participation from returning investor Koal Software Co., Ltd. (SHSE:603232). Pursuant to the transaction, the registered will be increased from CNY 50 million to CNY 55 million. The transaction has been approved by twelfth meeting of the seventh board of directors and the ninth meeting of the seventh board of supervisors and does not need general meeting of shareholders.
Koal Software Co., Ltd., formerly Shanghai Koal Software Co., Ltd., is a China-based company principally engaged in the research and development, manufacture and sales of commercial passwords software products based on public key infrastructure (PKI). The Company's main products include PKI infrastructure products, PKI security application products and general security products. The Company distributes its products within China domestic market.