SharkNinja Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Joyoung Co.,Ltd, SharkNinja (Hong Kong) Company Limited
October 26, 2020
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SharkNinja (China) Technology Co., Ltd. announced that it has received CNY 50,000,000 in an equity round of funding on October 26, 2020. The transaction will include participation from returning investors Joyoung Co.,Ltd (SZSE:002242) for CNY 25,500,000 and SharkNinja (Hong Kong) Company Limited in its existing shareholding ratio of 51% and 49% respectively. Post to the capital increase, the registered capital of the company will increase from CNY 100,000,000 to CNY 150,000,000 and returning investor Joyoung Co.,Ltd (SZSE:002242) will retain its 51% stake in the company. The transaction has been approved by the board of directors of the company in its 4th meeting of the 5th directorate of the company's parent and is subject to shareholder's approval.
Joyoung Co.,Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of small kitchen appliances. The Company's products include soymilk makers, induction cookers, blenders, juicers, electric pressure cookers, electrical kettles, rice cookers, water purifiers, soybean materials and commercial soymilk makers, among others. The Company distributes its products within domestic market and to overseas markets.
SharkNinja Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Joyoung Co.,Ltd, SharkNinja (Hong Kong) Company Limited