Guizhou Zhongnan Transport Technology Co., Ltd. announced that it has received funding from COSCO SHIPPING Technology Co., Ltd.
February 20, 2020
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On February 21, 2020, Guizhou Zhongnan Transport Technology Co., Ltd. closed the transaction. The company has completed the registration modification procedrues and obtained their new business license. The investor hold 30% stake in the company.
COSCO SHIPPING Technology Co., Ltd., formerly China Shipping Network Technology Co., Ltd., is a China-based company principally engaged in the provision of computer application services. The Company primarily provides intelligent transportation system integration as well as information technology and scientific management of transportation, such as variable information boards, transportation signal systems, lane controllers, monitoring systems, toll systems, communication systems, video transportation parameter and incident testing systems. The Company also involves in the sale of industrial automation products, such as digital direct current speed-adjustable device control cabinets, alternative current speed-adjustable device control cabinets, boiler control systems, intelligent electrical panel for ships and substation control cabinets, among others. The Company distributes its products within domestic market.