Shenzhen Zhongkechuang Investment Management Co., Ltd. announced that it expects to receive CNY 990 million in funding from Suzhou Hesheng Special Material Co.,Ltd.
December 27, 2016
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Shenzhen Zhongkechuang Investment Management Co., Ltd. announced that it will receive CNY 990,000,000 in an equity round of funding on December 28, 2016. The transaction will include participation from existing investor, Suzhou Hesheng Special Material Co.,Ltd. (SZSE:002290). Upon completion of the transaction; the company’s registered capital will increase from CNY 10,000,000 to CNY 1,000,000,000. The transaction has been approved in the 11th meeting of the 4th directorate of the investor. Upon completion of the transaction; the investor will retain 100% stake in the company. The transaction is subject to approval from shareholders of the investor. The transaction will be completed in tranches. The company reported total assets of CNY 10,005,674.29, total liabilities of CNY 1,418.57, net assets of CNY 10,004,255.72, revenue of CNY 0, total profit of CNY 5,674.29, and net profit of CNY 4,255.72 for the year ended December 31, 2015.
Suzhou Hesheng Special Material Co Ltd, formerly Suzhou China Create Special Material Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sale of composite materials for surface components of home appliances. The Companyâs products portfolio consists of pre-coated metal (PCM) sheets, which are used as skin plate materials and side and back plate materials for home appliances, including refrigerators and washing machines, and vinyl coated metal (VCM) sheets, which are used as skin plate materials for home appliances, including refrigerators, washing machines and electrical heating machines. Through its subsidiaries, the Company is also engaged in the research, development, manufacture and sale of coating composite materials. The Company distributes its products within domestic market and to overseas markets.
Shenzhen Zhongkechuang Investment Management Co., Ltd. announced that it expects to receive CNY 990 million in funding from Suzhou Hesheng Special Material Co.,Ltd.