Beijing Sinnet Technology Co., Ltd announced that it has received CNY 580.749978 million in funding from Gongqingcheng Shengheng Investment Management Co., Ltd., Beixin Ruifeng Fund Management Co.,Ltd., Taikang Asset Management Co., Ltd., Haitong M&A Capital Management Co., Ltd.
November 06, 2018
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On November 7, 2018, Beijing Sinnet Technology Co., Ltd (SZSE:300383) closed the transaction. The company has issued 45,089,284 A shares at an issue price of CNY 12.88 per share for total gross proceeds of CNY 580,749,977.92. The transaction included participation from Taikang Life Insurance Co., Ltd. - Traditional for 9,017,857 shares, Taikang Life Insurance Co., Ltd. – investment linked – multistrategy for 9,017,857 shares, Shanghai Merger and Acquisition Equity Investment Fund Partnership (Limited Partnership), a fund managed by Haitong M&A Capital Management (Shanghai) Co., Ltd. for 15,527,950 shares, Gongqingcheng Shengheng Investment Management Co., Ltd. for 11,524,068 shares, and Beixin Ruifeng Fund Management Co., Ltd. for 1,552 shares. The company will pay CNY 13,999,977.92 as issuance expenses, resulting in net proceeds of CNY 566,750,000. The shares have a hold period of 12 months.
Beijing Sinnet Technology Co., Ltd. is a China-based company principally engaged in the provision of integrated Internet services. The Company provides broadband access services, Internet data center (IDC) and value-added services, IDC operation and management services, as well as cloud computing and related services, among others. The Companyâs value-added services include IDC network security services, IDC load balancing services, data flow monitoring services and reverse domain name analysis services, among others. The Company also offers network systems integration services. The Company operates businesses in Beijing, Hebei and Hong Kong.
Beijing Sinnet Technology Co., Ltd announced that it has received CNY 580.749978 million in funding from Gongqingcheng Shengheng Investment Management Co., Ltd., Beixin Ruifeng Fund Management Co.,Ltd., Taikang Asset Management Co., Ltd., Haitong M&A Capital Management Co., Ltd.