Beijing Zhongcheng Huading Architectural Design Co., Ltd. announced that it expects to receive CNY 97 million in funding from Shanghai AtHub Co.,Ltd.
August 15, 2018
Share
Beijing Zhongcheng Huading Architectural Design Co., Ltd. announced that it will receive CNY 97,000,000 in an equity round of funding on August 16, 2018. The transaction will include participation from existing investor Shanghai AtHub Co.,Ltd. (SHSE:603881). Post the closing, the investor will hold 99.4% stake in the company. Post the closing, the registered capital of the company will increase from CNY 3,000,000 to CNY 100,000,000. The transaction has been approved in the 2nd directorate’s 10th meeting by the investor. The company reported total assets of CNY 9,512,800, net assets of CNY 3,943,200, revenue of CNY 5,289,600, and net profit of CNY -478,630,000 for the year ended December 31, 2017.
Shanghai AtHub Co Ltd is a China-based company that provides data center construction and services. The Company's Internet Data Center (IDC) service business is mainly engaged in data center server hosting services and data center value-added services, including planning consulting, design consulting, operation management outsourcing, acceptance verification and other services. The Company's IDC solution business mainly provides product portfolio services, including design and planning consulting, data center overall solution business, data center transformation business, and third-party custody services. The Company's cloud service sales business is mainly engaged in the sales of cloud services and products. The Company distributes its products within the domestic market.