Kunming Wingtech Communication Co., Ltd announced that it expects to receive CNY 92 million in funding from Wingtech Technology Co.,Ltd
Kunming Wingtech Communication Co., Ltd announced that it will receive CNY 92,000,000 in funding on May 6, 2019. The transaction will include participation from existing investor Wingtech Technology Co.,Ltd (SHSE:600745). The registered capital of the company will increase from CNY 8,000,000 to CNY 100,000,000. Post closing, the investor will retain 100% stake in the company. The transaction has been approved at the 4th meeting of the 10th directorate of the investor and is not subject to shareholder approval.