Duolun Automobile Inspection Group Co., Ltd. announced that it expects to receive CNY 465.5476 million in funding from DuoLun Technology Corporation Ltd.
Duolun Automobile Inspection Group Co., Ltd. announced that it will receive CNY 465,547,600 in an equity round of funding from returning investor DuoLun Technology Corporation Ltd. (SHSE:603528) on October 28, 2020. The transaction was approved by the board of directors of the investor at its 32nd session of 3rd directorate. Post to the closing, the registered capital of the company will increase from CNY 399,680,000 to CNY 865,227,600 and the investor would retain 100% stake in the company.