Beijing Zhongguangyang Enterprise Management Co., Ltd. announced that it expects to receive CNY 200 million in funding from Shenzhen Geoway Co., Ltd.
September 01, 2020
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Beijing Zhongguangyang Enterprise Management Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 200 million on September 2, 2020. The transaction will include participation from returning investor Shenzhen Geoway Co., Ltd. (SHSE:600462). The transaction has been reviewed and approved at the third meeting of the eighth session of the company’s directorate. Upon completion, the registered capital of the company will increase from CNY 1 million to CNY 201 million and the investor will continue to hold 100% of its equity.
Hubei Geoway Investment Co Ltd, formerly Shenzhen Geoway Co Ltd, is a China-based company mainly engaged in investment. Through its wholly-owned subsidiary, the Company is mainly engaged in the procurement and sales of raw materials related to mobile phones; the Company engages in after-sales service of camera modules through its holding subsidiary; the Company through its wholly-owned grandson company is engaged in marketing services and public relations, providing professional marketing activities and communications for various industries, and providing consulting services to customers with planning and execution capabilities. The Company distributes its products and services within the domestic market.
HUBEI GEOWAY INVESTMENT CO.,LTD. 
