Hefei Xingtai Microcredit Co., Ltd. announced that it expects to receive CNY 200 million in funding from Hefei Department Store Group Co.,Ltd, Anhui Baida Joymart Chain Supermarket Co., Ltd., Hefei Xingtai Asset Management Co., Ltd.
October 25, 2018
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Hefei Xingtai Microcredit Co., Ltd. announced a private placement for CNY 200 million in the round of funding on October 26, 2018. The transaction will include participation from Hefei Xingtai Asset Management Co., Ltd.., and returning investors Hefei Department Store Group Co.,Ltd (SZSE:000417), and Anhui Baida Joymart Chain Supermarket Co., Ltd., for CNY 42.872 million.
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.
Hefei Xingtai Microcredit Co., Ltd. announced that it expects to receive CNY 200 million in funding from Hefei Department Store Group Co.,Ltd, Anhui Baida Joymart Chain Supermarket Co., Ltd., Hefei Xingtai Asset Management Co., Ltd.
HEFEI DEPARTMENT STORE GROUP CO.,LTD 
