Jikai Equipment Manufacturing Co., Ltd. announced that it expects to receive CNY 600 million in funding
July 23, 2020
Share
Jikai Equipment Manufacturing Co., Ltd. (SZSE:002691) announced that it would receive CNY 600,000,000 in an equity round of funding on July 23, 2020. The transaction included participation from 35 specific investors. The transaction is subject to a lock-up period of six months from the date of issuance. The transaction has been reviewed and approved in the 18th meeting of the third directorate of the company. The transaction is subject to approval of board of directors of the company, shareholders and from the China Securities Regulatory Commission.
Jikai Equipment Manufacturing Co., Ltd., formerly Shijiazhuang Zhongmei Coal Mine Equipment Manufacture Co., Ltd., is principally engaged in the research, development, manufacture, distribution and services of coal mining machineries. The Company provides support and protective machine tools, including roof bolters, oil pumps and machine tool sets, as well as safety drillers, heading equipment and transportation machineries. In addition, the Company involves in the trading business through its subsidiary. The Company distributes its products within domestic market and to overseas markets.