Cloud Live Tech Group New Energy Technology Co., Ltd. announced that it expects to receive CNY 128 million in funding from Cloud Live Technology Group Co.,Ltd., Tongling New Energy Technology Co., Ltd., Hainan Lingyi Investment Partnership Enterprise (Limited Partnership)
February 01, 2023
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Cloud Live Tech Group (Gaoyou) New Energy Technology Co., Ltd. announced that it will raise CNY 128,000,000 on February 2, 2023. The transaction will include participation from new investors, Tongling New Energy Technology (Gaoyou) Co., Ltd. of CNY 40,000,000 for 22.47% stake, Hainan Lingyi Investment Partnership Enterprise (Limited Partnership) of CNY 38,000,000 for 21.35% stake and returning investor, Cloud Live Technology Group Co.,Ltd. of CNY 50,000,000 for 56.18% stake post completion of the transaction. The company's registered capital will increase from CNY 50,000,000 to CNY 178,000,000. The transaction is expected to close for Investor 2 on December 31, 2023 and Investors 1 and 3 will invest by December 24, 2052. The transaction has been approved by the board of directors of the company.
On February 23, 2023, the company completed the change of business registration of its capital increase.
Cloud Live Technology Group Co Ltd is a China-based company mainly engaged in the promotion and operation of Internet games and catering group meal business. The Company primarily operates through two segments. The Group Catering Business segment is mainly engaged in providing group catering services to enterprises, institutions, schools, hospitals and military units, mainly including catering management services, catering supply and consulting services. The Internet Game Promotion and Operation Business segment is mainly engaged in the Internet game promotion and operation business. The Company is also engaged in the home rental business. The Company mainly operates in the domestic market.
Cloud Live Tech Group New Energy Technology Co., Ltd. announced that it expects to receive CNY 128 million in funding from Cloud Live Technology Group Co.,Ltd., Tongling New Energy Technology Co., Ltd., Hainan Lingyi Investment Partnership Enterprise (Limited Partnership)