Hamaton Automotive Technology Co.,Ltd. announced that it has received CNY 297.6 million in funding from Hangzhou Financial Investment Group Co., Ltd, Hangzhou Fuyang Jintong Equity Investment Partnership (Limited Partnership), Qingdao Ether Investment Management Co., Ltd., and another investor
July 01, 2021
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On July 1, 2021, Hamaton Automotive Technology Co.,Ltd. closed the transaction. The company issued 30,000,000 common shares at an issue price of CNY 9.92 per share for gross proceeds of CNY 297,600,000. The transaction included participation from Hangzhou Financial Investment Group Co., Ltd for 15,120,967 shares, Hangzhou Fuyang Jintong Equity Investment Partnership (Limited Partnership) for 9,072,580 shares, Ether Investment Value No. 1 Private Equity Fund, a fund managed by Qingdao Ether Investment Management Co., Ltd. for 3,024,193 shares, and Yang Fujin for 2,782,260 shares. The transaction had issuance expenses such as underwriting and sponsorship fees, accountant fees, and attorney fees for CNY 80,010,231.98 and net proceeds of CNY 289589768.02. Out of the total proceeds CNY 30,000,000 will go towards registered capital and remaining proceeds of CNY 259,589,768.02 will go towards capital reserve. The company has received a capital verification report. The shares issued to the investors are subject to restriction period of 6 months.
Hamaton Automotive Technology Co Ltd dis a company engaged in research, development, production and sales of auto parts. The Company's main products include tire valves, metal hoses and tire pressure monitoring systems. The Company is involved in manufacturing exhaust piping systems and decoupling components through its subsidiary, which are applied in commercial vehicles and other heavy transportation vehicles. The Company sells its products to both domestic and international markets, including Europe, North America and Australia.
Hamaton Automotive Technology Co.,Ltd. announced that it has received CNY 297.6 million in funding from Hangzhou Financial Investment Group Co., Ltd, Hangzhou Fuyang Jintong Equity Investment Partnership (Limited Partnership), Qingdao Ether Investment Management Co., Ltd., and another investor