Vesta Food Lab announced that it expects to receive CNY 16.1 million in funding from Shanghai Xuerong Biotechnology Co.,Ltd., Lanhai Asset Management Co., Ltd.
Vesta Food Lab announced that it will raised CNY 16,100,000 in equity round of funding on July 7, 2020. The company signed a subscription agreement led by Shanghai Xuerong Biotechnology Co.,Ltd. (SZSE:300511) to subscribe for CNY 14,000,000 for 10% stakes and with Lanhai Asset Management (Hainan) Co., Ltd. to subscribe for CNY 2,100,000 for 1.5% stakes of the company. Post completion of transaction, the registered capital of the company will increase from CNY 1,176,468 to CNY 1,329,362.