Sinnet Information Service Co., Ltd. announced that it expects to receive CNY 380 million in funding from Beijing Sinnet Technology Co., Ltd
June 02, 2016
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Sinnet (Shanghai) Information Service Co., Ltd. announced that it will receive CNY 380,000,000 in funding from returning investor, Beijing Sinnet Technology co., Ltd. (SZSE:300383) on June 3, 2016. As part of the round, the investor will retain 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from CNY 95,000,000 to CNY 475,000,000. The transaction was approved at the 4th session of its 3rd directorate of the investor.
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 
