Suzhou Secote Lingou Intelligent Technology Co., Ltd announced that it expects to receive CNY 80 million in funding from Suzhou Secote Precision Electronic Co.,LTD
August 08, 2019
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Suzhou Secote Lingou Intelligent Technology Co., Ltd announced that it will receive CNY 80,000,000 in an equity round of funding on August 9, 2019. The transaction will include participation from existing investor Suzhou Secote Precision Electronic Co.,LTD (SHSE:603283). Pursuant to the transaction, the investor will retain 100% stake in the company. Post completion of the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 100,000,000. The transaction has been approved by the board of directors of the investor at the 14th meeting of the second supervisory board and is subject to shareholder approval in the 1st special shareholders' meeting of 2019 to be held on August 26, 2019.
Suzhou Secote Precision Electronic Co Ltd is a company engaged in research and development, design, production and sales of intelligent manufacturing equipment and provision of related technical services. The Company's products are mainly comprised of automated equipment, fixtures and jigs, including small size tag labeling machines, bearing pressing equipment, automatic footwear glue pressing machines and so on. The products are used in a range of areas, including the new energy vehicle, semiconductor, lithium battery and consumer electronic, such as smartphones, tablets and laptops.
Suzhou Secote Lingou Intelligent Technology Co., Ltd announced that it expects to receive CNY 80 million in funding from Suzhou Secote Precision Electronic Co.,LTD
SUZHOU SECOTE PRECISION ELECTRONIC CO.,LTD 
