Changsha Tianchuang Water Co., Ltd. announced that it expects to receive CNY 2.1046 million in funding from Tianjin Capital Environmental Protection Group Company Limited, Tianjin Second Municipal Highway Engineering Co., Ltd., Tianjin Membrane Technology Co., Ltd., Changsha Shuntai Investment Management Co., Ltd.
Changsha Tianchuang Water Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 2,104,600 on April 27, 2020. The transaction will include participation from returning investors Tianjin Capital Environmental Protection Group Company Limited (SHSE:600874) for CNY 1,683,700, Tianjin Second Municipal Highway Engineering Co., Ltd. for CNY 147,322, Tianjin Membrane Technology Co., Ltd. for CNY 63,138 and Changsha Shuntai Investment Management Co., Ltd. for CNY 210,460. Post the transaction the registered capital of the company will increase from CNY 19,147,600 to CNY 21,252,200. The transaction has been approved in the 28th meeting of the 8th directorate of Tianjin Capital Environmental Protection Group Company Limited (SHSE:600874) and does not require shareholder's approval of the company.