Shenzhen 863 New Material Technology Co., Ltd. announced that it expects to receive CNY 21 million in funding from Shenzhen Beauty Star Co., Ltd.
June 04, 2019
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Shenzhen 863 New Material Technology Co., Ltd. announced that it will receive CNY 21,000,000 in an equity round of funding on June 5, 2019. The transaction will involve participation from returning investor Shenzhen Beauty Star Co., Ltd. (SZSE:002243). The investor will continue to retain its 100% stake in the company. Post the transaction, the registered capital of the company will increase from CNY 9,000,000 to CNY 20,000,000. The transaction has been approved by the board of directors of the investor at the 12th session of the 4th directorate meeting and does not require shareholders’ meeting approval of the investor.
Shenzhen Leaguer Co Ltd, formerly Shenzhen Beauty Star Co Ltd, is a China-based company mainly engaged in new materials and technology innovation services. The main businesses of the new materials business include the design, manufacture and service provision of cosmetics, daily necessities, health products and food plastic packaging solutions, as well as the design and manufacture of process equipment and precision molds, the modification of polymer materials and the research and development of environmentally friendly materials, the filling and mixing of cosmetics, information label design and manufacturing, automotive lightweight solutions design and manufacturing, logistics distribution, recycling of plastic packaging waste, etc. The technology innovation services include innovation base platform services, technology innovation operation services and investment incubation services.
SHENZHEN LEAGUER CO., LTD. 
