Anhui Hejiakang Agricultural Products Processing and Development Co., Ltd. announced that it expects to receive CNY 60 million in funding from Anhui Baida Joymart Chain Supermarket Co., Ltd., Hefei Zhougudui Agricultural Products Wholesale Market Co., Ltd., Hefei Department Store Group Co.,Ltd
August 12, 2020
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Anhui Hejiakang Agricultural Products Processing and Development Co., Ltd. announced that it will raise a CNY 60,000,000 in a round of funding on August 13, 2020. The company raised common shares in the transaction. The transaction included participation from returning investors Anhui Baida Joymart Chain Supermarket Co., Ltd for CNY 18 million for 30% stake,Hefei Department Store Group Co.,Ltd (SZSE:000417)for CNY 30 million for 50% stake, and Anhui Baida Joymart Chain Supermarket Co., Ltd.for CNY 12 million for 20% stake. The transaction has been approved at the nineteenth meeting of the eight board of directors and no need to get approval from its shareholders. Post closing, the registered capital of the company will increase to 80,000,000 from CNY 20,000,000.
HEFEI DEPARTMENT STORE GROUP CO.,LTD is a China-based company principally engaged in department store retailing business. The Company operates its retailing business through general department stores, chain supermarkets, household appliance retail stores and electronic commerce. The Companyâs products mainly include menâs and womenâs apparel, accessories, jewelry, watches and glasses, shoes, hats, bags, beddings and cosmetics, among others. The Company is also involved in agricultural product market trading and real estate business. The Company operates its business mainly in Hefei and Bengbu in Anhui Province, China.
Anhui Hejiakang Agricultural Products Processing and Development Co., Ltd. announced that it expects to receive CNY 60 million in funding from Anhui Baida Joymart Chain Supermarket Co., Ltd., Hefei Zhougudui Agricultural Products Wholesale Market Co., Ltd., Hefei Department Store Group Co.,Ltd