Ji'nan First Machine Tool Company Ltd. announced that it will receive CNY 300 million in its equity round of funding from existing investor, Shandong Weida Machinery Co., Ltd. on June 23, 2014. The investor will continue to hold 100% stake in the company. The transaction has been approved at 16th session of the 6th directorate of the investor.
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- Ji'nan First Machine Tool Company Ltd. announced that it expects to receive CNY 300 million in funding from Shandong Weida Machinery Co., Ltd.