Chongqing Ant Consumer Finance Co., Ltd. announced that it expects to receive CNY 4.5 billion in funding from a group of investors
September 27, 2023
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Chongqing Ant Consumer Finance Co., Ltd. announced that it will raise CNY 4,500,000,000 in an equity round of funding on September 28, 2023. The transaction will include participation from new investor, Chongqing Yufu Huamao State-owned Assets Management Co., Ltd. for CNY 929,504,348 and 4.041% stake, returning investors, Guangzhou Boguan Information Technology Co., Ltd. for CNY 150,495,652 and 3.344% stake, Hangzhou Jintou Digital Technology Group Co., Ltd. for 450,000,000 and 10% stake, Transfar Zhilian Co., Ltd. for CNY 225,450,000 and 5.010% stake, Ant Group Co., Ltd. for CNY 2,250,000,000 and 50% stake, Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. for CNY 224,550,000 and 4.990% stake and Zhejiang Sunny Optics Co., Ltd. for CNY 270,000,000 and 6% stake post completion of the transaction. All the returning investors will have the same stake as previously. The company's registered capital will increase from CNY 18,500,000,000 to CNY 23,000,000,000.
On the same date, the transaction has been approved by the sixth meeting of the eighth board of directors and the fourth meeting of the eighth board of supervisors.
JIANGSU YUYUE MEDICAL EQUIPMENT & SUPPLY CO., LTD. is a China-based company, principally engaged in the research and development, manufacture and distribution of medical equipment. The Company provides rehabilitation nursing products, medical oxygen supply products and medical clinical equipment series, including medical electronic equipment, medical diagnostic and rehabilitation equipment, medical image equipment, wheelchairs/walking aid products, electronic blood pressure monitors, oxygen inhalators, as well as gynecological and obstetrical instruments, among others. It distributes its products within domestic market and to overseas markets.
JIANGSU YUYUE MEDICAL EQUIPMENT & SUPPLY CO., LTD. 
