Jiangxi Zhongzaisheng Resources Development Co., Ltd. announced that it expects to receive CNY 100 million in funding from Zhongzai Resource and Environment Co., Ltd.
April 23, 2017
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Jiangxi Zhongzaisheng Resources Development Co., Ltd. announced that it will receive CNY 100,000,000 in equity funding from existing investor Zhongzai Resource and Environment Co., Ltd. (SHSE:600217) on April 24, 2017. The company’s registered capital will increase from CNY 80,000,000 to CNY 180,000,000. Pursuant to the transaction, the investor shall continue to hold 100% stake in the company. The transaction has been approved 36th session of the 6th directorate of the investor and is still subject to its shareholders’ approval.
Zhongzai Resources and Environment Co., Ltd., formerly Shaanxi Qinling Cement (Group) Co., Ltd. is a China-based company principally engaged in the development, recycling, processing and sale of available resources. The Company is also involved in the wholesale of general merchandise, knitwear, daily groceries, furnitures, hardware, chemical products, construction materials, mineral products, as well as plastic products, among others. The Company mainly operates its business in domestic market.
Jiangxi Zhongzaisheng Resources Development Co., Ltd. announced that it expects to receive CNY 100 million in funding from Zhongzai Resource and Environment Co., Ltd.