WEIMING (SINGAPORE) INTERNATIONAL HOLDINGS PTE. LTD announces a private placement of gross proceeds for $18 million in round of funding on July 19, 2023. The transaction included the participation from existing investor Zhejiang Weiming Environment Protection Co., Ltd. The registered capital is SGD 10 million.

The company held the transaction has been approved at the 38th meeting of the sixth board of directors and the 30th meeting of the sixth board of supervisors, and does not need to be submitted to the general meeting of shareholders for consideration. The company holds 20% of shares.