Beijing Mindata Technology Service Co., Ltd. announced that it expects to receive CNY 15 million in funding from Shenzhen Mindata Holding Co., Ltd.
Beijing Mindata Technology Service Co., Ltd. signed a capital increase agreement for CNY 15,000,000 with new investor, Shenzhen Mindata Holding Co., Ltd. (SZSE:002137) on July 17, 2017. Post the closing, the investor will hold 60% stake in the company. Post the capital increase, the registered capital of the company will increase from CNY 10,000,000 to CNY 25,000,000. The transaction is not subject to approval from company’s board of directors and shareholders.