Headman Automation Technology Co., Ltd announced that it expects to receive CNY 25 million in funding from Zhe Jiang Headman Machinery Co.,Ltd.
September 06, 2021
Share
Headman (Shanghai) Automation Technology Co., Ltd announced that it will receive CNY 25 million in an equity round of funding on September 7, 2021. The transaction will include participation from returning investor Zhe Jiang Headman Machinery Co.,Ltd. (SHSE:688577). Pursuant to the transaction, the registered capital of the company will increase from CNY 5 million to CNY 30 million. The transaction has been approved by twentieth meeting of the second board of directors of the investor.
Zhe Jiang Headman Machinery Co Ltd is a China-based company specialized in the research and development, design, manufacture and sales of computer numerical control (CNC) machine tools. The Company's products cover three categories, including high-end CNC machine tools, automated production lines and popular CNC machine tools. Its products include gang tool type CNC machine tools, turret type CNC machine tools, parallel compound processing machines, integrated automated production lines, integrated automated production lines, HCL series, accessories and others. The Company's products are mainly applied in automotive manufacturing, engineering machinery, general equipment, military industry and other industries. The Company distributes its products within domestic and to overseas markets.
ZHE JIANG HEADMAN MACHINERY CO.,LTD. 
