Ningbo Zixin Technology Co., Ltd. announced that it expects to receive CNY 10 million in funding from Shanghai Welltech Automation Co.,Ltd., Ningbo Zhuohua Information Consulting Co., Ltd., Guangzhou Huihuang Management Consulting Co., Ltd., Shenzhen Youming Industrial Co., Ltd., Guangzhou Saifu Jianxin Small and Medium Enterprise Industrial Investment Fund Partnership LP
December 14, 2020
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Ningbo Zixin Technology Co., Ltd. announced that it will receive CNY 10,000,000 in an equity round of funding on December 15, 2020. The transaction will involve participation from returning investors, Shanghai Welltech Automation Co.,Ltd. (SZSE:002058) for CNY 2,300,000, Shanghai Welltech Automation Co.,Ltd. (SZSE:002058), Ningbo Zhuohua Information Consulting Co., Ltd. for CNY 400,000, Guangzhou Huihuang Management Consulting Co., Ltd. for CNY 2,100,000, and new investors, Shenzhen Youming Industrial Co. Ltd. for CNY 1,600,000 and Guangzhou Saifu Jianxin Small and Medium Enterprise Industrial Investment Fund Partnership LP. for CNY 3,600,000. Post completion of the transaction, Shanghai Welltech Automation Co.,Ltd. (SZSE:002058) will continue to hold 23% stake, Ningbo Zhuohua Information Consulting Co., Ltd.'s stake will decrease from 20% to 17.33%, Guangzhou Huihuang Management Consulting Co., Ltd.'s stake will increase from 5% to 7.67%, Shenzhen Youming Industrial Co., Ltd. will hold 2.67, and Guangzhou Saifu Jianxin Small and Medium Enterprise Industrial Investment Fund Partnership LP for 6% stake in the company. Of the total amount, CNY 4,000,000 will go towards the registered capital and CNY 6,000,000 towards the capital reserve of the company.
SHANGHAI WELLTECH AUTOMATION CO., LTD. is a China-based company principally engaged in the manufacture and distribution of automation instruments and meters. The Company's major products include pressure transmitters, electromagnetic flow meters, as well as valves and other instruments. The Company's products are mainly applied in electricity, metallurgy, petroleum, chemical and other traditional industrial fields. The Company distributes its products mainly within domestic market.
Ningbo Zixin Technology Co., Ltd. announced that it expects to receive CNY 10 million in funding from Shanghai Welltech Automation Co.,Ltd., Ningbo Zhuohua Information Consulting Co., Ltd., Guangzhou Huihuang Management Consulting Co., Ltd., Shenzhen Youming Industrial Co., Ltd., Guangzhou Saifu Jianxin Small and Medium Enterprise Industrial Investment Fund Partnership LP