Xi’an Jingzhao Information Technology Co., Ltd. announced that it expects to receive CNY 43.35 million in funding from Hengtong Optic-electric Co., Ltd.
Xi’an Jingzhao Information Technology Co., Ltd. announced that it will receive CNY 43,350,000 in an equity round of funding on January 14, 2017. The transaction will include participation from Hengtong Optic-electric Co., Ltd. (SHSE:600487). On closing, the investor will hold 51% stake in the company. The company reported total assets of CNY 20,057,300, total liabilities of CNY 146,900, and net assets of CNY 19,910,300 for the year ended December 31, 2016.