Beijing Yonyou Technology Co., Ltd. announced that it expects to receive CNY 310 million in funding from Yonyou Network Technology Co., Ltd., Yonyou Financial Services Co., Ltd.
September 03, 2020
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Beijing Yonyou Technology Co., Ltd. announced that it will receive CNY 310 million in funding from existing investors Yonyou Network Technology Co., Ltd. (SHSE:600588) and Yonyou Financial Services (Tianjin) Co., Ltd. on September 4, 2020. Yonyou Network Technology Co., Ltd. will invest CNY 93 million of which CNY 58.4906 million will be included in the registered capital and the remaining CNY 34.5094 million will be included in the capital reserve and retain 30% stake and Yonyou Financial Services (Tianjin) Co., Ltd. will invest CNY 217 million of which CNY 136.478 million will be included in the registered capital, and the remaining CNY 80.522 million will be included in the capital reserve and retain 70% stake. The transaction was reviewed and approved at the eighth meeting of the eighth directorate and still needs to be submitted to the Yonyou Network Technology Co., Ltd.'s third extraordinary general meeting of shareholders for review.
On September 21, 2020, the company announced that the transaction been approved by the shareholders of the investor Yonyou Network Technology Co., Ltd. (SHSE:600588) at its 3rd extraordinary general meeting of shareholders of 2020.
Yonyou Network Technology Co., Ltd. is specialized in the development and manufacturing of management software products. These products are used for enterprise resource planning, human resource management, office automation, customer relationship management, product lifecycle management, etc. Net sales break down by activity as follows:
- services (69.1%): maintenance, technical support, consulting, and training services;
- sale of licenses (29.6%);
- other (1.3%).
China accounts for 98.4% of net sales.
Beijing Yonyou Technology Co., Ltd. announced that it expects to receive CNY 310 million in funding from Yonyou Network Technology Co., Ltd., Yonyou Financial Services Co., Ltd.