Hangzhou Yundian Technology Energy Co., Ltd. announced that it expects to receive CNY 30 million in funding from Shenzhen Honor Electronic Co., Ltd.
August 22, 2023
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Hangzhou Yundian Technology Energy Co., Ltd. announced that it will receive CNY 30 million in an equity round of funding on August 22, 2023. The transaction will include participation from returning investors Shenzhen Honor Electronic Co., Ltd. for CNY 24 million and Wang Yuetian for CNY 6 million to retain their 80% and 20% stake respectively. The transaction has been approved in the fifth meeting of the second board of directors in 2023.
Shenzhen Honor Electronic Co Ltd is a China-based company mainly engaged in the research, development, production and sales of switching power supply products. The Company's main products include power adapters and server power supplies. Its products are widely used in many fields such as office electronics, set-top boxes, network communications, security monitoring, audio, financial point of sale terminals, data centers, power tools, etc. The Company conducts its businesses within the domestic market and to overseas markets such as Singapore, Hong Kong, South Korea, Thailand, Vietnam, North America, South Africa and the European Union.
SHENZHEN HONOR ELECTRONIC CO., LTD. 
