Shenzhen Riland Investment Co., Ltd. announced that it expects to receive CNY 50 million in funding from Shenzhen Riland Industry Group Co., Ltd
April 24, 2021
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Shenzhen Riland Investment Co., Ltd. announced that company will receive CNY 50 million in an equity round of funding from returning investor Shenzhen Riland Industry Group Co., Ltd (SZSE:300154) on April 25, 2021. The transaction has been approved by the 4th directorate at the 22nd session of the company.
Shenzhen Riland Industry Group Co Ltd, formerly Shenzhen Riland Industry Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sales of inverter welding equipment, welding automation products and welding accessories, as well as the provision of related services. Its inverter welding equipment includes inverter direct current manual arc welding machines, inverter argon arc welding machines, inverter semi-automatic gas shielded welding machines and inverter plasma cutting machines. Its welding automation products include welding carriages, digital welding equipment, efficient welding systems and robotic welding system integration. Its welding accessories include welding and cutting accessories and welding protection products. The Company distributes its products in the domestic market and to overseas markets.
SHENZHEN RILAND INDUSTRY GROUP CO., LTD 
