REDI Systems Engineering Inc. announced that it expects to receive CNY 61.73 million in funding from Tellhow Sci-Tech Co., Ltd., Aero Engine Fund Management Co., Ltd., Yulin Coal Conversion Fund Investment Management Co., Ltd., Community City Taichuang Tianyue Investment Partnership (Limited Partnership)
June 18, 2023
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REDI Systems Engineering Inc. announced a private placement of common shares for the gross proceeds of CNY 61,730,000 on June 19, 2023. The transaction will include participation from returning investors Aero Engine Fund Management Co., Ltd., Tellhow Sci-Tech Co., Ltd. and Yulin Coal Conversion Fund Investment Management Co., Ltd. and new investors Chongqing Taihefeng Private Equity Investment Fund Partnership (Limited Partnership), Community City Taichuang Tianyue Investment Partnership (Limited Partnership) and Zhongbing Guotiao (Xiamen) Equity Investment Fund Partnership (Limited Partnership and its designated entities. The transaction has been approved in the 15th meeting of the 8th board of directors and does not need to be submitted to the company's general meeting of shareholders for approval.
TELLHOW SCI-TECH CO., LTD. is a China-based company principally engaged in the research, development, production and sales of military equipment and smart power products. Its military equipment includes in-vehicle communications command systems, military power stations, radar products and others. Its smart power products include power information products, smart emergency power products and distribution automation products. The Company distributes its products within domestic market and to overseas markets.
REDI Systems Engineering Inc. announced that it expects to receive CNY 61.73 million in funding from Tellhow Sci-Tech Co., Ltd., Aero Engine Fund Management Co., Ltd., Yulin Coal Conversion Fund Investment Management Co., Ltd., Community City Taichuang Tianyue Investment Partnership (Limited Partnership)