Shenzhen Tongwei Communication Technology Co., Ltd. announced that it expects to receive CNY 70 million in funding from Shenzhen Gongjin Electronics Co., Ltd.
May 14, 2021
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Shenzhen Tongwei Communication Technology Co., Ltd. announced that it will issue common share for the gross proceeds of CNY 70 million on May 14, 2021. The transaction included participation from existing investor Shenzhen Gongjin Electronics Co., Ltd. (SHSE:603118). Post completion. the registered capital of company will increase from CNY 30 million to CNY 100 million and investor will retain 100% stakes in the company. The transaction has been approved at fifth meeting of the fourth board of directors and the fifth meeting of the fourth board of supervisors.
SHENZHEN GONGJIN ELECTRONICS CO.,LTD is a China-based company principally engaged in the manufacture of broadband communication terminals. The Company is primarily engaged in the research and development, manufacture and sales of broadband communication terminals to communication equipment suppliers. The Company primarily produces asymmetric digital subscriber line (ADSL) terminals, very high speed digital subscriber line (VDSL) terminals, optical access terminals, Wi-Fi terminals and 3G terminals, as well as other broadband communication terminals. The Company distributes its products within domestic market and to overseas market.
Shenzhen Tongwei Communication Technology Co., Ltd. announced that it expects to receive CNY 70 million in funding from Shenzhen Gongjin Electronics Co., Ltd.
SHENZHEN GONGJIN ELECTRONICS CO., LTD. 
