China National Gold Group Gold Jewellery Co., Ltd. announced that it has received CNY 400 million in funding from Beijing Golden Consultative Company of Science & Engineering, Beijing Xibang International Trade Co., Ltd., China National Gold Group Corporation, Jingangshan Consulting Co., Ltd., and Zhongjin Gold Corp., Ltd.
December 01, 2014 at 11:00 pm EST
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China National Gold Group Gold Jewellery Co., Ltd. announced that it will receive an equity round of funding from returning investor Zhongjin Gold Corp., Ltd. on December 1, 2014. After the capital increase, the registered capital of the company will increase. The transaction received approval at investor's 15th session of the 5th directorate meeting.
On December 2, 2014, China National Gold Group Gold Jewellery Co., Ltd. closed the transaction. The company received CNY 400,000,000 in the transaction. The transaction included participation from existing investors, which invested according to their stockholding ratio in the company. China National Gold Group Corp. invested CNY 288,640,000, Zhongjin Gold Corp., Ltd. invested CNY 44,120,000, Jingangshan (Beijing) Consulting Co., Ltd. invested CNY 37,920,000, Beijing Xibang International Trade Co., Ltd. invested CNY 18,960,000, and Beijing Golden Consultative Company of Science & Engineering invested CNY 10,360,000. The company reported total assets of CNY 2,704,722,200, total liabilities of CNY 1,883,046,200, net assets of CNY 821,676,000, revenues of CNY 41,007,965,100, and net profit of CNY 16,797,800 for the year ended 2013.
China National Gold Group Gold Jewellery Co Ltd is a China-based company mainly engaged in the design, processing, production and sales of gold jewelry. The Company's main products include gold jewelry and K gold jewelry products. The Companyâs products also include investment gold bars, silver jewelry, pearl jewelry and diamond jewelry. The Company mainly distributes its products through direct sale, franchise, banking, major customer and e-commerce channels under CHINA GOLD brand.
China National Gold Group Gold Jewellery Co., Ltd. announced that it has received CNY 400 million in funding from Beijing Golden Consultative Company of Science & Engineering, Beijing Xibang International Trade Co., Ltd., China National Gold Group Corporation, Jingangshan Consulting Co., Ltd., and Zhongjin Gold Corp., Ltd.