Shanghai Wondertek Software Co., Ltd announced that it expects to receive CNY 802 million in funding from China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd.
May 26, 2020
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Shanghai Wondertek Software Co., Ltd announced a private placement of not exceeding 66,240,000 A shares for gross proceeds not exceeding CNY 802,000,000 on May 27, 2020. The transaction will include participation from not more than 35 specific investors. The transaction has been approved in the twelfth meeting of the third board of directors, and is subject to deliberation and approval in its general meeting of shareholders and approval by the China Securities Regulatory Commission. All shares that are being issued pursuant to the transaction shall not be transferred within 6 months from the end of this issuance.
Shanghai Wondertek Software Co Ltd is a company mainly providing software customization development and media operation services. The Company's primary products are mobile Internet multimedia operation management systems and mobile terminal virtual operating systems. The Company provides the clients with converged media ecosystem solutions of which the products and services include operational editing, encoding and decoding, as well as live recording; artificial intelligence (AI) video big data solutions; and ultra-high-definition big video platform solutions. Its products and services serve operators and a range of areas, including finance, media and visual AI.
Shanghai Wondertek Software Co., Ltd announced that it expects to receive CNY 802 million in funding from China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd.