Changzhou Wanan Auto Parts Technology Co., Ltd. announced that it expects to receive CNY 18 million in funding from Wuhu Bethel Automotive Safety Systems Co., Ltd
Changzhou Wanan Auto Parts Technology Co., Ltd. announced a private placement of common shares for gross proceed of CNY 18,000,000 on April 3, 2019. The transaction will include participation from Wuhu Bethel Automotive Safety Systems Co., Ltd (SHSE:603596). Post-closing investor will hold 33.96% stake in the company. The transaction has been approved by the board of directors of the investor. The transaction is expected to close within 10 days.