KEDE Numerical Control Co., Ltd. announced that it expects to receive CNY 159.999981 million in funding from Ministry of Finance People's Republic of China, Endowment Arm, Guotai Junan Securities Co., Ltd.
May 04, 2022
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KEDE Numerical Control Co., Ltd. announced a private placement of shares on May 5, 2022. The transaction has been reviewed and approved authorizing the company's board of directors to handle the issue of shares to specific objects in a simplified procedure.
KEDE Numerical Control Co Ltd is a China-based company principally engaged in the research and development, production, sales and service of high-end five-axis Computer Numerical Control (CNC) machine tools and their key functional components, and high-end CNC systems. Its high-end CNC machine tools include five-axis vertical (including turning and milling), five-axis horizontal (including turning and milling), five-axis gantry, five-axis horizontal milling and turning compound four general machining centers and five-axis grinding, five-axis Two series of special-purpose machine tools for blades. Its high-end CNC systems include high-end CNC systems and servo drives. Its key functional components include motors, electric spindles, sensing systems, milling heads and turntables. The Company mainly conducts its business in the domestic market.
KEDE Numerical Control Co., Ltd. announced that it expects to receive CNY 159.999981 million in funding from Ministry of Finance People's Republic of China, Endowment Arm, Guotai Junan Securities Co., Ltd.
KEDE NUMERICAL CONTROL CO., LTD. 
