Shandong Province New and Old Kinetic Energy Transformation, Supply and Marketing Venture Capital Pa announced that it expects to receive funding from Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd.
August 26, 2020
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Shandong Province New and Old Kinetic Energy Transformation, Supply and Marketing Venture Capital Pa announced that it will receive an equity round of funding on August 26, 2020. The transaction will include participation from Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029). The transaction has been approved by 19th session of the 5th directorate meeting of Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029). The transaction is subject to approval from 2nd special Shareholders' Meeting of 2020 of Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. (SHSE:603029) to be held on September 14, 2020.
ShanDong Swan Cotton Industrial Machinery Stock Co., Ltd. is principally engaged in the research and development, production and sales of cotton processing equipment and accessories. The Company's major products are divided into two categories: cotton ginning equipment and cotton peeling equipment. The Company's cotton ginning equipment include cotton ginning machine, seed cotton cleaner and lint cleaning machine. Its cotton peeling equipment is linter. The Company mainly provides integrated solutions, including the treatment of cotton from its harvest, storage, transport to yard, automatic feeding, cleaning, ginning, packing, cotton peeling and peeling cashmere waste recycling, among others.
Shandong Province New and Old Kinetic Energy Transformation, Supply and Marketing Venture Capital Pa announced that it expects to receive funding from Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd.