Zhejiang Jack Smart Sewing Technology Co., Ltd. announced that it expects to receive CNY 200 million in funding from Jack Sewing Machine Co., Ltd.
January 19, 2021
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Zhejiang Jack Smart Sewing Technology Co., Ltd. announced that it will receive CNY 200,000,000 in its equity round of funding on January 20, 2021. The transaction will involve participation from existing investor Jack Sewing Machine Co.,Ltd. The transaction has been approved by the board of directors of investor at the twelfth meeting of the fifth board of directors. The investor will continue to retain 100% stake in the company.
Jack Technology Co Ltd, formerly Jack Sewing Machine Co Ltd, is a China-based company mainly engaged in the research and development (R&D), production and sales of industrial sewing machinery. The Company's products include industrial sewing machines, cutting beds, cloth laying machines, cloth inspection machines, automatic sewing equipment for shirts and jeans and others. The Company's products also include important parts of sewing machinery such as motor, electric control, frame and platen. The Company's products are mainly exported to Asia, South America, Europe, Africa and other regions.
JACK TECHNOLOGY CO.,LTD 
