Huizhou Yinghe Technology Co., Ltd. announced that it expects to receive CNY 400 million in funding from Shenzhen Yinghe Technology Co., Ltd
August 04, 2020
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Huizhou Yinghe Technology Co., Ltd. announced that it will receive CNY 400,000,000 in an equity round of funding from returning investor Shenzhen Yinghe Technology Co., Ltd (SZSE:300457) on August 5, 2020. Post closing, investor will continue to hold 100% stake in the company, and the registered capital of the company will increase from CNY 670,000,000 to CNY 1,070,000,000. The transaction has been approved in the tenth meeting of the fourth board of directors of the investor, and is not subject to shareholders' approval.
SHENZHEN YINGHE TECHNOLOGY CO.,LTD. is mainly engaged in the manufacture of lithium electric equipment. The Company's main business is the research and development, design, manufacture, sale of automated production equipment for lithium-ion battery, and the provision of related services. The Company's main products include six equipment series such as coating machines, slitting machines, tableting machines, winding machines, die cutting machines and lamination machines as well as related assisted machines. The products are primarily used in the manufacture of lithium-ion batteries and are sold to China domestic and overseas markets.
SHENZHEN YINGHE TECHNOLOGY CO., LTD 
