Nanjing Hengtian Lingrui Automobile Co., Ltd. announced that it expects to receive funding from Uroica Precision Information Engineering Co.,Ltd, Nanjing Runke Industry Investment Co., Ltd.
December 11, 2019
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Nanjing Hengtian Lingrui Automobile Co., Ltd. announced that it has entered a purchase agreement with investor and will receive an equity round of funding on December 12, 2019. The transaction will include participation from new investor Uroica Precision Information Engineering Co.,Ltd (SZSE:300099) for CNY 100,000,000, which represents 12.5% stake and new investor Nanjing Runke Industry Investment Co., Ltd. for 7.5% stake in the company. Out of CNY 100,000,000 from Uroica Precision Information Engineering Co.,Ltd (SZSE:300099), CNY 4,687,500 will go to registered capital and CNY 95,312,500 will go into capital reserve. CNY 2,812,500 received from Nanjing Runke Industry Investment Co., Ltd. will go to registered capital of the company. Post capital increase, registered capital of the company will increase from CNY 30,000,000 to CNY 37,500,000. The transaction has been approved by the board of directors in 6th meeting of the 4th directorate of 2019 and subject to shareholder approval of Uroica Precision Information Engineering Co.,Ltd (SZSE:300099). The transaction is expected to close within 1 month since singing of the agreement.
Uroica Precision Information Engineering Co., Ltd, formerly Uroica Mining Safety Engineering Co., Ltd., is a China-based company principally engaged in military, coal mine safety and communication businesses. The Company conducts its businesses mainly through three segments. The Military segment is mainly engaged in the research and development, integration and production of optoelectronic technology, as well as the research, development and production of optical systems. The Coal Mine Safety segment mainly provides products and technical services related to monitoring, underground transportation and engineering construction, including roof safety monitoring and controlling equipment for the prevention of coal mine collapse and others. The Information and Communication segment mainly provides traffic information products and services.
Nanjing Hengtian Lingrui Automobile Co., Ltd. announced that it expects to receive funding from Uroica Precision Information Engineering Co.,Ltd, Nanjing Runke Industry Investment Co., Ltd.