Luxshare Intelligent Manufacturing Technology Co., Ltd. announced that it expects to receive CNY 815 million in funding from Luxshare Precision Industry Co., Ltd.
Luxshare Intelligent Manufacturing Technology (Changshu) Co., Ltd. announced that it will receive CNY 815,000,000 in an equity round of funding from returning investor Luxshare Precision Industry Co., Ltd. (SZSE:002475) on April 20, 2020. The registered capital of the company will increase from CNY 485,000,000 to CNY 1,300,000,000 and the investor will continue to retain its 100% stake in the company. The transaction has been approved by the 17th meeting of the 4th directorate of the investor and does not need approval from its shareholders.