Hangzhou Raycloud Technology Co., Ltd. announced that it expects to receive CNY 200 million in funding from Caitong Fund Management Co., Ltd., CCB Fund Management Co., Ltd, Nuode Asset Management Co., Ltd.
June 31, 2022
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Hangzhou Raycloud Technology Co., Ltd. announced a private placement of not more than 120,300,000 common shares for gross proceeds of not more than CNY 200,000,000 on June 1, 2022. The transaction will include participation from not more than 35 investors. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date.
The shares issued must not be transferred within 6 months from the issuance closing date. The transaction has been approved at the 31st meeting of the 2nd directorate and at the 24th Meeting of the 2nd Supervisory Board, and still needs to be approved by Shanghai Stock Exchange and the China Securities Regulatory Commission.
Hangzhou Raycloud Technology Co Ltd is a China-based company mainly engaged in the research, development and sales of software and service (SaaS) products. The Company provides customers with SaaS products based on e-commerce platforms, as well as value-added services such as supporting hardware, operational services and customer relationship management (CRM) short message service. Its SaaS products include super store manager, courier assistant, Kuaimai ERP, deep drawing detail page robot. The sales channels of this product are divided into online channels and offline channels, including the service market and telemarketing of various e-commerce platforms. Its supporting hardware includes Kuaimai electronic surface order printer. Its operation service is mainly based on Kuaimai e-commerce and it conducts marketing by providing customers with customized operation solutions.
Hangzhou Raycloud Technology Co., Ltd. announced that it expects to receive CNY 200 million in funding from Caitong Fund Management Co., Ltd., CCB Fund Management Co., Ltd, Nuode Asset Management Co., Ltd.