Zhida Yunchuang Technology Co., Ltd announced that it expects to receive CNY 1.12701 billion in funding from Beijing Sinnet Technology Co., Ltd
April 15, 2020
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Zhida Yunchuang (Sanhe) Technology Co., Ltd announced that it will receive CNY 1,127,010,000 in an equity round of funding on April 16, 2020. The transaction will include participation from new investor Beijing Sinnet Technology Co., Ltd (SZSE:300383) for 65% stake in the company. Pursuant to the transaction, CNY 65,000,000 will go to the registered capital of the company and CNY 1,062,010,000 will go to capital reserve. The company has signed a capital increase agreement with the investor. The transaction has been approved at the 1st session of 4th 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.