West Lake Interactive Machine Technology Co., Ltd. announced that it expects to receive CNY 18 million in funding from Ningbo Jiren Investment Partnership Enterprise (Limited Partnership), Sanlux Co.,Ltd
March 19, 2024
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West Lake Interactive Machine Technology (Hangzhou) Co., Ltd. announced that it will receive CNY 18,000,000 on March 19, 2024. The transaction included participation from returning investors Sanlux Co.,Ltd for CNY 12,600,000 and Ningbo Jiren Investment Partnership Enterprise (Limited Partnership) for CNY 5,400,000. The transaction has been approved by the company?s 7th directorate during its 25th meeting held and does not require approval by the company?s shareholders?
meeting. After this transaction, Ningbo Jiren Investment Partnership Enterprise (Limited Partnership) will hold 7% stake and Ningbo Jiren Investment Partnership Enterprise (Limited Partnership)will hold 3% stake in the company.
Sanlux Co., Ltd is a China-based company, principally engaged in the manufacture and distribution of rubber V-belts, conveyor belts, synchronous belts and others. The Company's main products include industrial V-belts, agricultural V-belts, automotive V-belts, conveyor belts and industrial synchronous belts. Its products are applied in industry, agriculture, automobile manufacturing and other fields. The Company distributes its products within domestic market and to overseas markets.
West Lake Interactive Machine Technology Co., Ltd. announced that it expects to receive CNY 18 million in funding from Ningbo Jiren Investment Partnership Enterprise (Limited Partnership), Sanlux Co.,Ltd
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