Hangzhou Zhewen Internet Technology Co., Ltd. announced that it expects to receive CNY 20 million in funding from Zhewen Interactive Group Co., Ltd.
Hangzhou Zhewen Internet Technology Co., Ltd. announced that it will receive CNY 20,000,000 in its equity round of funding from returning investor Zhewen Interactive Group Co., Ltd. (SHSE:600986) on March 29, 2021. On closing, the investor retains its 100% stake in the company. The increased capital will be included in the capital reserve. The transaction was approved by the board of directors of Zhewen Interactive Group Co., Ltd. (SHSE:600986) in its third meeting of the ninth board of directors and matter does not need to be submitted to the company's general meeting of shareholders.