Guangdong Prospect Precise Hardware Co.,Ltd. announced that it expects to receive CNY 100 million in funding from Guangdong Hongteo Technology Co., Ltd.
January 17, 2019
Share
Guangdong Prospect Precise Hardware Co.,Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on January 17, 2019. The transaction will include participation from returning investor, Guangdong Hongteo Technology Co., Ltd. (SZSE:300176) to maintain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 63,000,000 to CNY 163,000,000. The transaction has been approved at the 40th session of the 3rd directorate meeting of the investor and is within the approval authority of the board of directors and does not need to be submitted for review at the shareholders’ meeting.
GuangDong PaiSheng Intelligent Technology Co., Ltd., formerly GuangDong HongTeo Technology Co., Ltd., is a China-based company mainly engaged in aluminum alloy die-casting business and financial technology information service business. The Company has two main businesses. The aluminum die casting business is mainly engaged in the research, development, production and sales of aluminum alloy precision die castings and assemblies, which are applied in middle and high grade automobile engines, gearboxes and chassis. The financial technology information services business mainly includes inclusive finance, consumer finance and artificial intelligence systems. The Company operates its businesses in both domestic and overseas markets.
Guangdong Prospect Precise Hardware Co.,Ltd. announced that it expects to receive CNY 100 million in funding from Guangdong Hongteo Technology Co., Ltd.
GUANGDONG PAISHENG INTELLIGENT TECHNOLOGY CO.,LTD 
