Hubei Geoway Investment Co.,Ltd. announced that it expects to receive CNY 313.25 million in funding from Beijing Zhongyu Jiatai Industrial Co., Ltd.
July 17, 2022
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Hubei Geoway Investment Co.,Ltd. announced a private placement of not more than 175,000,000 A shares at a price of CNY 1.79 per share for gross proceeds of not more than CNY 313.25 million on July 18, 2022. The transaction will include participation from Beijing Zhongyu Jiatai Industrial Co., Ltd. The transaction has been approved at the twenty-sixth meeting of the eighth board of directors of the company and approved in the seventeenth meeting of the eighth supervisory committee, and still needs to be approved by the China Securities Regulatory Commission. The shares issued shall not be transferred within 36 months from the date of the end of the issue.
On March 16, 2023, Hubei Geoway Investment Co.,Ltd., announced that it has received approval from the shareholder's of the company for the 2022 issuance to specific investors preliminary plan.
Hubei Geoway Investment Co Ltd, formerly Shenzhen Geoway Co Ltd, is a China-based company mainly engaged in investment. Through its wholly-owned subsidiary, the Company is mainly engaged in the procurement and sales of raw materials related to mobile phones; the Company engages in after-sales service of camera modules through its holding subsidiary; the Company through its wholly-owned grandson company is engaged in marketing services and public relations, providing professional marketing activities and communications for various industries, and providing consulting services to customers with planning and execution capabilities. The Company distributes its products and services within the domestic market.