Fujian Tunnel Engineering Co., Ltd. announced that it expects to receive CNY 400 million in funding from Shenzhen Ecobeauty Co., Ltd., Pingtan Xinsheng Equity Investment Partnership Enterprise (Limited Partnership)
September 27, 2018
Share
Fujian Tunnel Engineering Co., Ltd. announced that it will receive CNY 400,000,000 in its equity round of funding on September 28, 2018. The transaction will involve participation from returning investors, Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) for CNY 204,000,000 and Pingtan Xinsheng Equity Investment Partnership Enterprise (Limited Partnership) for CNY 196,000,000. The investors will retain 51% and 49% stake respectively in the company. The transaction has been approved by the board of directors of Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) at its 48th session for its 9th directorate meeting. Post the transaction, the registered capital of the company will increase from CNY 106,880,000 to CNY 506,880,000. The company reported total assets of CNY 698,220,879.87, total liabilities of CNY 486,145,823.81, shareholders' equity attributable to the parent company Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) of CNY 212,075,056.06, operating revenue of CNY 763,966,509.24, and net profit attributable to shareholders of the parent company Shenzhen Ecobeauty Co., Ltd. (SZSE:000010) of CNY 73,592,546.59 for the year ended December 31, 2017. The transaction does not require approval from the shareholders.
SHENZHEN ECOBEAUTY CO., LTD., formerly BEIJING SHENHUAXIN CO., LTD., is a China-based company principally engaged in landscaping construction engineering business. The Company mainly operates through landscape design, the construction and maintenance of landscaping projects, as well as the cultivation and sale of seedlings. The Company is also involved in the provision of gas selling services. The Company operates its business within domestic market, mainly in East China and Southwest China.
Fujian Tunnel Engineering Co., Ltd. announced that it expects to receive CNY 400 million in funding from Shenzhen Ecobeauty Co., Ltd., Pingtan Xinsheng Equity Investment Partnership Enterprise (Limited Partnership)