Yunnan World Dinosaur Valley Tourism Co., Ltd. announced that it expects to receive CNY 172.04 million in funding from Yunnan Tourism Co., Ltd.
July 13, 2021
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Yunnan World Dinosaur Valley Tourism Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 172.04 million on July 14, 2021. The transaction will included participation from existing investor Yunnan Tourism Co., Ltd. Post completion of transaction, the registered capital of the company will increase from CNY 110 million to CNY 382 million and investor will retain 63.25% stakes in the company. The transaction has been approved at the 20th session of the company’s 7th directorate and the 17th session of the company’s 7th supervisory board.
Yunnan Tourism Co., Ltd. is a China-based company principally engaged in the landscape and gardening business, transportation business, hotel business, real estate business, travel agency business and scenic business. In addition, the Company is also engaged in the wedding and conference businesses, and automotive repairing business. The Company mainly conducts its businesses in Yunnan Province and Jiangsu Province, China.