Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. announced that it has received CNY 120 million in funding from China Fortune International Trust Co., Ltd. and other investors
July 14, 2020
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On July 14, 2020, Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. (SZSE:300462) closed the transaction. The transaction included participation from China Fortune International Trust Co., Ltd. for 50,000,000 for CNY 500,000 and will hold 1% stake, individual investors Yu Zhengfu for 40,000,000 for CNY 400,000 and Wang Yajuan for 30,000,000 shares for CNY 300,000. The bonds will be converted into common shares at a conversion price of CNY 26.03 per share. The bonds will have a hold period of six months.
The transaction has been accepted by China Securities Depository and Clearing Co., Ltd. and issued Securities Initial Registration Confirmation to the company.
Shanghai Huaming Intelligent Terminal Equipment Co Ltd is a China-based company engaged in the research and development of system terminal equipment. The Company's main business is the research and development, production, sales and maintenance of terminal equipment for automatic fare collection systems in rail transit, bus rapid transit (BRT) and other fields, as well as system integration, equipment supply and technology for ticketing and access control systems for venues and attractions. Serve. The Company's products mainly include automatic fare collection systems (AFC), automatic ticket vending machines (TVM), automatic ticket gate machines (AGM), card vending machines (CVM) and others. The Company is also engaged in the electronic label business, providing on-board electronic labels (OBU), roadside units (RSU) and other products. The Company mainly conducts its business in the domestic market.
Shanghai Huaming Intelligent Terminal Equipment Co., Ltd. announced that it has received CNY 120 million in funding from China Fortune International Trust Co., Ltd. and other investors
SHANGHAI HUAMING INTELLIGENT TERMINAL EQUIPMENT CO., LTD. 
