Shenzhen Kingdom Sci-Tech Co., Ltd announced that it has received CNY 259 million in funding from Caitong Fund Management Co., Ltd., Taikang Asset Management Co., Ltd., Bosera Asset Management Co., Ltd., China Foreign Economy and Trade Trust Co., Ltd., and China Universal Asset Management Co., Ltd.
January 05, 2018
Share
Shenzhen Kingdom Sci-Tech Co., Ltd (SHSE:600446) announced a private placement of 18,200,984 shares at a price of CNY 14.23 per share for gross proceeds of CNY 259,000,002.32 on January 9, 2018. The transaction included participation from Caitong Fund Management Co., Ltd. for CNY 48,999,994.67, Taikang Asset Management Co., Ltd. for CNY 29,999,999.06, Bosera Asset Management Co., Ltd. for CNY 40,000,017.72, China Foreign Economy and Trade Trust Co., Ltd. for CNY 49,999,993.69, and returning investor, China Universal Asset Management Co., Ltd. for CNY 89,999,997.18. The securities to be issued are subject to a hold period of 12 months. The company has received net proceeds of CNY 233,566,040.06.
Shenzhen Kingdom Sci-Tech Co Ltd is a China-based company mainly engaged in the provision of financial technology services, full technology stack and full product line solutions. The Company is mainly engaged in two businesses. The financial industry business includes securities brokerage software business, asset management institution software business, banking institution software business, integrated financial software business and customized service business. The non-financial industry business includes digital economy business, information technology (IT) equipment distribution business and science and technology park leasing business. The company mainly conducts its businesses in the domestic market.
Shenzhen Kingdom Sci-Tech Co., Ltd announced that it has received CNY 259 million in funding from Caitong Fund Management Co., Ltd., Taikang Asset Management Co., Ltd., Bosera Asset Management Co., Ltd., China Foreign Economy and Trade Trust Co., Ltd., and China Universal Asset Management Co., Ltd.