Beijing Jetsen Technology Co., Ltd announced that it expects to receive CNY 2.8 billion in funding from Beijing Fuxiang Future Technology Center
September 21, 2021
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Beijing Jetsen Technology Co., Ltd. announced that will issue not more than 707,070,707 A shares at a price of CNY 3.96 per Share for the gross proceeds of CNY 2,800 million in a round of funding on September 22, 2021.The transaction will include participation from new investor Beijing Fuxiang Future Technology Center. The securities issued cannot be transferred within 36 months from the issuance closing date. The transaction has been approved at the 39th Meeting of the Company's 4th Directorate and the 18th Meeting of the 4th Supervisory Board and is subject to approval of the Company's Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.
Beijing Jetsen Technology Co Ltd is a China-based company mainly engaged in content copyright operation business. The Company also carries out copyright innovation business such as digital marketing, film and television distribution, content export, short drama, and mini-program short-term promotion. The Company's businesses integrate copyright procurement, digital distribution, and content operation. It has accumulated a number of film and television, animation, and program copyright content, and distributes digitally to media channels such as radio and television, Internet new media, and operators, covering digital television (TV), OTT, IPTV, computers, tablets, mobile phones, outdoor streaming media and other full-media terminals. The Company mainly operates its businesses in the domestic market.