Jingwang Electronic Technology Co., Ltd. announced that it expects to receive CNY 100 million in funding from Shenzhen Kinwong Electronic Co., Ltd.
September 02, 2020
Share
Jingwang Electronic Technology (Zhuhai) Co., Ltd. announced that it will receive CNY 100 million in equity funding on September 3, 2020. The transaction will include participation from existing investor Shenzhen Kinwong Electronic Co., Ltd. (SHSE:603228) which will continue to hold 100% stake. The company will increase capital by CNY 100 million and increase registered capital to CNY 150 million. The transaction has been approved by tenth meeting of the third board of supervisors o the company.
Shenzhen Kinwong Electronic Co Ltd is a China-based company mainly engaged in the research and development, production and sales of printed circuit boards (PCB). The Company's products include high-density interconnection, high-speed multilayer, high frequency, high heat dissipation, multilayer flexible board and rigid-flex combination and others. The Company's products are widely used in communication equipment, smart terminals, computers and network equipment, consumer electronics, automotive electronics, industrial control, medical equipment and other fields. The Company's products are sold in domestic and overseas markets.
SHENZHEN KINWONG ELECTRONIC CO., LTD. 
