Harfor Fund Management Co. Ltd. announced that it expects to receive CNY 100 million in funding from Huafu Securities Corporation Limited, Guomai Technologies, Inc.
July 25, 2016
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Harfor Fund Management Co., Ltd. announced that it will receive CNY 100,000,000 in equity funding on July 26, 2016. The transaction will include participation from existing investors Huafu Securities Co., Ltd. for CNY 76,000,000, of which CNY 32,680,000 shall go to registered capital and Guomai Technologies, Inc. (SZSE:002093) for CNY 24,000,000, of which CNY 10,320,000 shall go to registered capital in the company. The company’s registered capital will be increased from CNY 100,000,000 to CNY 143,000,000. Pursuant to the transaction, Huafu Securities Co., Ltd. and Guomai Technologies, Inc. shall continue to hold 76% and 24% stake in the company respectively. The transaction has been approved at 5th session of the 6th directorate meeting of the Guomai Technologies, Inc. and does not need its shareholders’ approval. The company has reported total assets of CNY 154,713,100, total liabilities of CNY 42,663,200, net assets of CNY 112,049,900, revenues of CNY 99,258,000, and net profit of CNY 22,412,100 for the financial year ending December 31, 2015.
Guomai Technologies, Inc. is a China-based company principally engaged in the provision of Internet of things (IoT) technology integrated solutions. The Company mainly provides IoT technology services, IoT consulting and design services, as well as IoT Science Park operation and development services. The Company also provides educational services related to communications and electronic information. The Company mainly conducts its businesses in domestic market.
Harfor Fund Management Co. Ltd. announced that it expects to receive CNY 100 million in funding from Huafu Securities Corporation Limited, Guomai Technologies, Inc.