Wuxi Leili Electronic Control Technology Co., Ltd announced that it expects to receive CNY 2.637363 million in funding from Shanghai Highly Co., Ltd.
Wuxi Leili Electronic Control Technology Co., Ltd announced that it will raise CNY 2,637,363 in a round of funding on August 30, 2021. The transaction include participation from new investor Shanghai Highly (Group) Co., Ltd for 30% stake. Current registered capital of company is CNY 6,153,846. The parent company stake will decrease from 65% to 45.5% post transaction. The transaction was approved by the board of directors of the company in its 4th session of the company’s 3rd directorate.