Hunan Sinoland Bio-pharmacy CO.,Ltd announced that it has received CNY 80 million in funding from Tianjin Ringpu Bio-Technology Co.,Ltd.
October 28, 2021
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On October 29, 2021, Hunan Sinoland Bio-pharmacy CO.,Ltd closed the transaction. The company amended the terms of the transaction, and received gross proceeds of CNY 80,000,000. Jingpeng Holding Group Co., Ltd did not participate in the transaction. The company entered into a supplement agreement with its shareholders in connection with the transaction. Post closing, the stake of Tianjin Ringpu Bio-Technology Co.,Ltd. in the company increased to 68.4213%, and the registered capital of the company increased to CNY 153,093,565. The company completed the procedures of industrial and commercial change registration and obtained a new business license renewed by the Hunan Provincial Market Supervision Administration. The transaction was approved by shareholders of the company.
Tianjin Ringpu Bio-Technology Co Ltd is a China-based company serving the animal health industry. The Company's main business areas are the research and development, production and sales of veterinary biological products, veterinary pharmaceutical preparations (chemicals, traditional Chinese veterinary medicines, disinfectants, and others), veterinary raw materials, veterinary functional additives, and provision of overall prevention and control of animal diseases. The Company's products include pharmaceuticals, vaccines, disinfectants, cleaning agents, and functional additives for pigs, chickens, waterfowl, cattle, sheep and pets, and others.