Zhenjiang Yurun Central Shopping Mall Co., Ltd announced that it expects to receive CNY 350 million in funding from Nanjing Central Emporium Stocks Co., Ltd.
March 09, 2020
Share
Zhenjiang Yurun Central Shopping Mall Co., Ltd announced that it will receive CNY 350,000,000 in an equity round of funding on March 10, 2020. The transaction will include participation from returning investor Nanjing Central Emporium (Group) Stocks Co., Ltd. (SHSE:600280). Post the transaction, the investor’s stake will increase from 8.44% to 66.63%. On closing, the registered capital of the company will increase from CNY 200,713,500 to CNY 550,713,500. The transaction was approved by the board of directors of the investor in its 8th meeting of the 9th directorate. The transactions do not need approval from the shareholders’ meeting.
On March 26 2020, the company announced that the transaction has been approved by the shareholders's of the investor at the second extraordinary general meeting of shareholders in 2020.
NANJING CENTRAL EMPORIUM (GROUP) STOCKS CO., LTD. is a China-based company, principally engaged in the commodities retailing business. The Company operates regular chain department stores and bulk supermarkets, which deal with shoes and hats, jewelries, watches and clocks, cosmetics, food products, communication products, men's and women's apparels, knitted underwear, household products and household electrical appliances, among others. The Company is also engaged in the development and distribution of real estates, and the provision of tourism services. It operates its businesses primarily in Jiangsu Province, Shandong Province, Henan Province, Hubei Province and Anhui Province, China.
Zhenjiang Yurun Central Shopping Mall Co., Ltd announced that it expects to receive CNY 350 million in funding from Nanjing Central Emporium Stocks Co., Ltd.
NANJING CENTRAL EMPORIUM (GROUP) STOCKS CO., LTD. 
