Zero to Seven Trade Co., Ltd. announced that it expects to receive CNY 86.2 million in funding from Anzheng Children's Products Co., Ltd., Zero to Seven Inc.
Zero to Seven Trade (Shanghai) Co., Ltd. announced that it has entered into an agreement with new investor Anzheng Children's Products (Shanghai) Co., Ltd. and returning investor Zero to Seven Inc. (KOSDAQ:A159580 to receive CNY 86,200,000 in an equity round of funding on August 28, 2019. The transaction will include participation from Anzheng Children's Products (Shanghai) Co., Ltd. for CNY 61,700,000 and returning investor Zero to Seven Inc. (KOSDAQ:A159580 for CNY 24,500,000. As a part of the transaction, Anzheng Children's Products (Shanghai) Co., Ltd. will acquire 51% stake in the company. The company has registered capital of CNY 8,144,502 ($1,140,000) prior to the closing of the transaction.