Beijing Ecordia Information Technology Co., Ltd. announced that it expects to receive CNY 5 million in funding from Queclink Wireless Solutions Co., Ltd.
Beijing Ecordia Information Technology Co., Ltd. announced that it will receive CNY 5,000,000 in equity round of funding on December 18, 2023. The transaction include the participation from returning investor Queclink Wireless Solutions Co., Ltd. The company CNY 349,595 will be added to registered capital and CNY 4,650,405 will be added to capital reserve. After capital increase, the registered capital is increase from CNY 26,261,556 to CNY 26,611,151.
The transaction has been approved by the company?s 4th board of directors during its 2nd meeting, and does not require approval by the company?s shareholders? meeting and does not require approval by concerned authorities. The company has raised CNY 3,806,000 as post money valuation.
Queclink Wireless Solutions Co Ltd is a company engaged in research, development and sales of wireless machines and machine terminal equipment. The Company has four types of products. The in-vehicle information intelligent terminal products are used for fine management of fleets, such as fuel consumption and expense monitoring. The asset management information intelligent terminal products are used to locate, track and ensure safety of mobile assets and remote assets through collecting data. The personal safety smart terminal products are placed on individuals to trace and locate people, therefore ensure the personal safety of special persons, such as the elderly, children and field workers. The animal traceability management products are focused on tracing problems in animal feeding, transportation, slaughtering and other processes. The Company sells its products to both domestic and international markets, including North America, Africa, South America and Europe.
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Beijing Ecordia Information Technology Co., Ltd. announced that it expects to receive CNY 5 million in funding from Queclink Wireless Solutions Co., Ltd.
