Suzhou Dongling Vibration Test Instrument Co., Ltd. announced that it expects to receive CNY 249.57 million in funding from Suzhou New District Hi-Tech Industrial Co.,Ltd
Suzhou Dongling Vibration Test Instrument Co., Ltd. announced a private placement of common shares at a price of CNY 4.23 per share fro gross proceeds of CNY 249,570,000 on November 20, 2021. The transaction included participation from returning investor Suzhou New District Hi-Tech Industrial Co.,Ltd. Post the closing, its registered capital will increase from CNY 21,000,000 to CNY 80,000,000. The transaction has been approved in the 44th meeting of the company?s 9th directorate, and does not need the shareholders? approval.