Guangzhou Aoma Yipin Mingpin Management Co., Ltd. announced that it has received CNY 70 million in funding from Modern Avenue Group Co., Ltd.
January 15, 2017
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Guangzhou Aoma Yipin Mingpin Management Co., Ltd. announced that it has received CNY 70 million in a round of equity funding on January 16, 2017. The transaction involved participation from returning investor Modern Avenue Group Co., Ltd. (SZSE:002656). The registered capital of the company increased from CNY 6 million to CNY 76 million. Post the transaction, the company remained 100% owned by the investor. The company has completed the change in business registration for the transaction.
Modern Avenue Group Co., Ltd., formerly Guangzhou CANUDILO Fashion & Accessories Co.,Ltd., is principally engaged in the research, development, design, brand marketing and retail management of men's clothing. The Company's men's clothing products consist of business series and vacation series, including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products and accessories, among others. The Company is also involved in agent sale of garments, cases and leather products under international brands. Through its subsidiaries, the Company is also engaged in the research, development and manufacturing of mobile application products.
MODERN AVENUE GROUP CO., LTD. 
