Wuxi Huipao Sports Co., Ltd. announced that it expects to receive CNY 12.5 million in funding from Xi'an Qujiang Cultural Tourism Co., Ltd.
April 20, 2021
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Wuxi Huipao Sports Co., Ltd. announced that it will received CNY 12,500,000 in an equity round of funding on April 21, 2021. The transaction included participation from new investor Xi'an Qujiang Cultural Tourism Co., Ltd. with an investment of CNY 12,500,000 for an equity stake of 10%, out of which CNY 1,111,111.11 will be for capital increase and CNY 11,388,888.89 for capital reserve. The company's registered capital will increase from CNY 10,000,000.00 to CNY 11,111,111.11. The transaction has been reviewed and approved at the second meeting of the ninth board of directors and the second meeting of the ninth board of supervisors, and independent directors have expressed their consent on the matter.
XiAn Qujiang Cultural Tourism Co Ltd is a China-based company primarily engaged in the operation and management of cultural tourist attractions. The Company conducts its business primarily through seven segments. The Scenic Area Operation and Management segment is engaged in the operation and management of cultural tourist attractions. The Hotel and Catering segment provides hotel and catering services. The Tourism Product Sales segment is engaged in the planning, design and sales of tourism products. The Tourism Services (Travel Agency) segment provides various forms of tourism services, ticket sales, conferences and exhibitions, visa agency and ticket agency. The Landscaping segment provides landscaping services. The Sports Project segment is engaged in event operations, business travel services, online shopping malls and event technical services. The Digital Technology segment provides digital technology services.