Shenzhen Yingyuan Power Technology Co., Ltd. announced that it expects to receive CNY 20 million in funding from Shenzhen Increase Technology Co., Ltd.
August 27, 2020
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Shenzhen Yingyuan Power Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 20 million on August 28, 2020. The transaction will include participation from returning investor Shenzhen Increase Technology Co., Ltd. (SZSE:300713) to retain its 100% stake in the company. Post the transaction, the registered capital of the company will increase from CNY 30 million to CNY 50 million.
Shenzhen Increase Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of intelligent high-frequency switching power supplies and related power electronic products in the field of power electronics. The Company mainly produces three types of products. Electric vehicle charging power products include electric vehicle charging power modules, electric vehicle charging monitoring modules, electric vehicle charging power systems, and others. Power operation power products mainly include power operation power charging modules, monitoring modules and other core components and power operation power systems. Other power products mainly include communication power supplies, electric vehicle on-board power modules, inverter power supplies, DC lighting products, and others. The Company's products can be widely used in power, new energy vehicles, communications, metallurgy, chemical industry, laser equipment and other industries.
Shenzhen Yingyuan Power Technology Co., Ltd. announced that it expects to receive CNY 20 million in funding from Shenzhen Increase Technology Co., Ltd.