Brief: Wanka Online Says Suzhou Longying Entered Into Capital Injection Deal

Wanka Online

11/11/2022 13:19

Nov 11 (Reuters) - Wanka Online Inc  1762.HK :
    * SUZHOU LONGYING ENTERED INTO CAPITAL INJECTION AGREEMENT
WITH JV
PARTNER & UNIT OF SUZHOU LONGYING
    * DEAL FOR FORMATION OF SUZHOU JINGLAN CLOUD TECHNOLOGY
    * SUZHOU HUANXIU LAKE JINGLAN CLOUD VENTURE CAPITAL
PARTNERSHIP TO
ACQUIRE 49% STAKE IN JV CO BY CAPITAL INJECTION OF RMB78.4
MILLION
    * SUZHOU LONGYING SOFTWARE DEVELOPMENT AGREES TO MAKE
CAPITAL
INJECTION OF RMB81.6 MILLION
    * TOTAL AMOUNT OF PROCEEDS FROM CAPITAL INJECTION USED TO
FURTHER
DEVELOP GROUP'S MOBILE ADVERTISING SERVICES NETWORK, AMONG
OTHERS
    * UPON COMPLETION OF CAPITAL INJECTION, REGISTERED CAPITAL
OF JV
CO WOULD BE INCREASED TO RMB160 MILLION

Source text for Eikon:  ID:nHKS6qNJhT 
Further company coverage:  1762.HK 
 ((Reuters.Briefs@thomsonreuters.com;))