Sichuan Oule Intelligent Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Shenzhen Dawei Innovation Technology Co., Ltd., Oule Technology (Hong Kong) Co., Ltd.
March 29, 2021
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Sichuan Oule Intelligent Technology Co., Ltd. announced that it has entered into an investment cooperation agreement for a private placement of common shares for gross proceeds of CNY 50 million on March 30, 2021. The transaction will include participation from Shenzhen Dawei Innovation Technology Co., Ltd. (SZSE:002213) for CNY 36 million and will own 60% stake in the company, and Oule Technology (Hong Kong) Co., Ltd. for CNY 14 million and will own 40% stake in the company. The transaction has been approved at the twelfth meeting of the fifth board of directors of Shenzhen Dawei Innovation Technology Co., Ltd. (SZSE:002213). As a result, company's registered capital will be increase from CNY 10 million to CNY 60 million. The capital contribution shall be paid within 24 months after the completion of the industrial and commercial change, which can be paid in a lump sum or in installments.
Shenzhen Dawei Innovation Technology Co Ltd, formerly Shenzhen Terca Technology Co Ltd, is a company mainly engaged in research and development, production and sales of automobile retarders and its accessories. The Company operates two major businesses which are automotive business and information business. The automotive business mainly sells retarders and accessories, including eddy current retarders and hydraulic retarders. The products are used in large and medium long-distance tourist buses and trucks. The information business is involved in procurement, integration and sales of communication equipment, computers and other electronic equipment, and provision of related technical services. The Company also operates lease of factories and dormitories.
Sichuan Oule Intelligent Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Shenzhen Dawei Innovation Technology Co., Ltd., Oule Technology (Hong Kong) Co., Ltd.