Siping Eurasia Commerce and Trade Co., Ltd. announced that it expects to receive CNY 50 million in funding from Chang Chun Eurasia Group Co., Ltd.
October 21, 2019
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Siping Eurasia Commerce and Trade Co., Ltd. announced that it will receive CNY 50 million in an equity round of funding on October 22, 2019. The transaction will include participation from returning investor, Chang Chun Eurasia Group Co., Ltd. (SHSE:600697) to retain its 100% stake in the company. The registered capital of the company will increase to CNY 150 million post closing of the transaction. The transaction has been approved by the board of directors of investor at the third extraordinary meeting of the 9th board of directors in 2019.
Chang Chun Eurasia Group Co Ltd is a China-based company mainly engaged in modern department stores, commercial complexes and supermarket chains. The Company operates its businesses through five segments. The Shopping Mall segment, Large-scale Comprehensive Store segment and Chain Supermarket segment are mainly engaged in comprehensive department stores, the main products include food and department stores, home appliances, clothing and cosmetics and home furnishings. The Real Estate segment is mainly engaged in real estate development and property leasing. The Other segment is mainly engaged in property services, catering services and other businesses. The Company mainly operates its businesses in the domestic market.
CHANG CHUN EURASIA GROUP CO., LTD. 
