Shenzhen Gongjin Investment Management Co., Ltd. announced that it expects to receive CNY 100 million in funding from Shenzhen Gongjin Electronics Co., Ltd.
May 13, 2021
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Shenzhen Gongjin Investment Management Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding from returning investor Shenzhen Gongjin Electronics Co., Ltd. (SHSE:603118) on May 14, 2021. Post transaction, the registered capital of the company will increase from CNY 200,000,000 to CNY 300,000,000, and the investor will continue to hold 100% stake in the company. The transaction has been approved in the fifth meeting of the fourth board of directors and the fifth meeting of the fourth board of supervisors, and does not require approval from its shareholders.
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 Gongjin Investment Management Co., Ltd. announced that it expects to receive CNY 100 million in funding from Shenzhen Gongjin Electronics Co., Ltd.
SHENZHEN GONGJIN ELECTRONICS CO., LTD. 
