Runze Zhisuan unit secures $419m investment

Runze Zhisuan Technology Group Co., Ltd. (SZSE:300442) announced that its holding subsidiary, Guangdong Runhui Technology Development Co., Ltd., has secured a new round of investment totaling approximately ¥3.01 billion (approximately $419 million USD). The investment involves a capital increase with several new investors, including Anhui Jiaokong Zhaoshang Industrial Investment Fund, Guangdong Boshi Ke Xin Equity Investment Partnership, Shenzhen Guangming Zhiyuan Private Equity Investment Fund, CRTV Rong Media Industry Investment Fund, China Everbright Jinou Asset Management, China Great Wall Asset Management, and Anhui Tieji Runhui Enterprise Management Center, subscribing for new registered capital. The move is aimed at further supporting Guangdong Runhui's business growth and strategic development. Following the capital increase, Runze Zhisuan will hold around 50.0829% and retain the company as a holding subsidiary.