Shanghai Hengqi Education and Training Co., Ltd. announced that it expects to receive CNY 280 million in funding from Kaiyuan Education Technology Group Co., Ltd.
Shanghai Hengqi Education and Training Co., Ltd. announced that it will receive CNY 280 million in a round of funding on April 23, 2021. The transaction will include participation from returning investor Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) to retain 100% stake in the company. The transaction has been approved by the 15th session of 4th directorate of investor. Post-closing of the transaction, the registered capital of the company will increase from CNY 30 million to CNY 80 million.