Queclink Wireless Solutions Co., Ltd. announced that it has received CNY 335.999981 million in funding from a group of investors
August 24, 2021
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On August 25, 2021, Queclink Wireless Solutions Co., Ltd. closed the transaction. The company has issued 14,445,399 shares at a price of CNY 23.26 per share for gross proceeds of CNY 335,999,980.74. The transaction included participation from Caitong Fund Management Co., Ltd for 3,482,378 shares, Shanghai Ruiyi Investment Development Center (Limited Partnership for 2,149,613 shares, Shanghai Greenwoods Asset Management Co., Ltd. for 3,009,457 shares, Nuode Asset Management Co., Ltd. for 1,418,744 shares, Hunan Light Salt Venture Capital Management Co., Ltd. for 1,418,744 shares, Shenzhen Chonghai Investment Co., Ltd. for 859,845 shares, Zhongshi Fortune (Beijing) Investment Fund Management Co., Ltd. for 773,860 shares, UBS (China) Limited for 429,922 shares, individual investors, Zhu Jie for 472,914 and Yue Yamei for 429,922. The company has incurred CNY 6,114,987.53 and has received net proceeds of CNY 329,884,993.21. The shares have a lockup period of 6 months from the listing date.
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.
QUECLINK WIRELESS SOLUTIONS CO., LTD. 
