Liaoning Provincial Transportation Planning and Design Institute Co., Ltd. announced that it expects to receive CNY 39.677014 million in funding from a group of investors
January 07, 2019
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Liaoning Provincial Transportation Planning and Design Institute Co., Ltd. announced that it will receive CNY 39,677,014 in an equity round of funding on January 7, 2019. The transaction will involve participation from new investors, China Railway 19th Bureau Group Co., Ltd. for 20% stake, Henan Provincial Communications Planning & Design Institute Co., Ltd. (SZSE:300732) for CNY 2,874,357 for 5% stake, Ningbo Meishan Free Trade Port Area Xianrong Enterprise Management Partnership Enterprise, Ningbo Meishan Free Trade Port Area Ruichi Enterprise Management Partnership Enterprise, Ningbo Meishan Free Trade Port Area Mitong Enterprise Management Partnership Enterprise, and Ningbo Meishan Free Trade Port Area Tainong Enterprise Management Partnership Enterprise for a combined stake of 5% in the company. The company has entered into an agreement with Henan Provincial Communications Planning & Design Institute Co., Ltd. (SZSE:300732). The registered capital of the company will increase from CNY 40,241,000 to CNY 57,487,144 and the balance amount will go towards the reserve capital of the company. Post the transaction, the company’s board of directors shall be composed of five directors and Henan Provincial Communications Planning & Design Institute Co., Ltd. (SZSE:300732) may appoint one director. The investment from Henan Provincial Communications Planning & Design Institute Co., Ltd. (SZSE:300732) is within the approval authority of its board of directors and does not require shareholders’ approval.
Henan ZhongGong Design & Research Group Co Ltd, formerly Henan Communications Planning & Design Institute Co Ltd, is a China-based company mainly engaged in the provision of technical services and engineering consulting. The Company's main businesses include consulting, planning, survey, design, surveying and mapping, testing, monitoring, supervision and project management and other engineering consulting services. The Company mainly provides services for transportation, urban construction, architecture, environment, energy and other construction projects. The Company is also engaged in the sale of building materials and the manufacture of new building materials. The Company mainly conducts its businesses in domestic and overseas markets.
Liaoning Provincial Transportation Planning and Design Institute Co., Ltd. announced that it expects to receive CNY 39.677014 million in funding from a group of investors