Beijing Yuanchun Media Co. Ltd. announced that it expects to receive CNY 375 million in funding from Whole Easy Internet Technology Co., Ltd.
May 23, 2020
Beijing Yuanchun Media Co. Ltd. announced that it has entered into an agreement that it will receive CNY 375,000,000 in an equity round of funding on May 24, 2020. The transaction will include participation from new investor Whole Easy Internet Technology Co., Ltd. (SZSE:002464). Post the completion of the transaction, the investor will hold 22.39% stake in the company. The registered capital will increase from CNY 10,400,400 to CNY 13,400,500. The transaction has been approved in the 10th meeting of the investor's 5th directorate and does not need the shareholders’ approval.
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