Qijing Industrial Co., Ltd. announced that it expects to receive THB 330 million in funding from Qijing Machinery Co., Ltd., Bosiwei Precision Industry Co., Ltd., Xixuan Information Technology Co., Ltd.
May 29, 2024
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Qijing Industrial (Thailand) Co., Ltd. announced that it will receive THB 300 million in a equity round of funding on May 29, 2024. The transaction will include participation from new investors Qijing Machinery Co., Ltd. for THB 323.4 million, Bosiwei Precision Industry (Ningbo) Co., Ltd. for THB 3.3 million, and Xixuan Information Technology (Shanghai) Co., Ltd. for THB 3.3 million. This has been approved in the 17th meeting of the 4th Board of Directors of Qijing Machinery Co., Ltd. The transaction still needs to be approved by relevant state departments such as the commerce department, the Development and Reform Commission, and the foreign exchange management department.
Post-completion of the transaction, the registered capital of the company will increase from THB 300 million to THB 630 million. The registered capital of the company is THB 300 million.
Qijing Machinery Co., Ltd. is a China-based company principally engaged in the research and development, design, production and sales of washing machine clutch products. The Company's main products include washing machine clutches, washing machine parts, dishwasher parts and refrigerator parts. The Company is also engaged in the production and sales of electrical tool parts. The Company mainly distributes its products in the domestic and overseas markets.
Qijing Industrial Co., Ltd. announced that it expects to receive THB 330 million in funding from Qijing Machinery Co., Ltd., Bosiwei Precision Industry Co., Ltd., Xixuan Information Technology Co., Ltd.