Tianjin Binlian Microcredit Co., Ltd. announced that it has received CNY 30 million in funding from Kaiser Holding Co., Ltd.
January 23, 2014 at 11:00 pm EST
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Tianjin Binlian Microcredit Co., Ltd. announced that it will receive CNY 30 million in an equity round of funding from new investor, Kaiser (China) Holding Co., Ltd on June 14, 2013. The investor will acquire 10% stake in the company through this transaction. The registered capital of the company will increase from CNY 270 million to CNY 300 million. On the same date, the transaction was approved at the 28th session of the 4th directorate of the investor.
On January 24, 2014, Tianjin Binlian Microcredit Co., Ltd. closed the transaction.
Kaiser China Culture Co Ltd is a company mainly engaged in cultural and entertainment business. The Company operates two segments: Pan Culture and Entertainment Business segment and Clothing Business segment. The Pan Culture and Entertainment Business segment specifically includes copyright operation, online game research and development (R&D) and operation, etc. The R&D and operation of online games are mainly mobile online games. The copyright operation refers to the development of IP copyrights such as best-selling literary works, film and television copyrights or animation copyrights into games, animation, TV dramas, film and television products. The Clothing Business segment is mainly engaged in the sales of finished clothing.
KAISER (CHINA) CULTURE CO., LTD 
