Veken Technology Co., Ltd. announced that it has received CNY 699.999994 million in funding from Veken Holding Group CO., LTD.
July 12, 2021
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On July 12, 2021, Veken Technology Co., Ltd. closed the transaction. The company raised 114,192,495 A shares at a par value of CNY 1 per share and an issue price of CNY 6.13 per share for gross proceeds of CNY 699,999,994.35 in the transaction. The company paid an issue expenses of CNY 10,249,238.20 in the transaction by the company.
Veken Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of lithium-ion batteries. The Company's consumer electronics products include pure manganese batteries, ternary batteries, ternary manganese-added batteries, ternary cobalt-added batteries, and pure cobalt batteries, which are mainly used in smartphones, laptops, power banks, smart homes, and drones. The Company's small power battery products include lithium iron phosphate batteries and ternary batteries, which are mainly used in electric two-wheeled vehicles, power tools and other fields. The Company distributes its products within the domestic market and to overseas markets.
VEKEN TECHNOLOGY CO., LTD. 
