Brief: China Youzan Says Informed By Guang That It Conducted Further Round Of Equity Financing

Youzan Technology

23/06/2020 16:07

June 23 (Reuters) - China Youzan Ltd  8083.HK :
    * INFORMED BY GUANG HOLDINGS THAT IT CONDUCTED FURTHER ROUND
OF
EQUITY FINANCING FROM TWO INSTITUTIONAL INVESTORS
    * GUANG'S EQUITY FINANCING ROUND WAS FOR AGGREGATE AMOUNT OF
US$20
MILLION AT A POST MONEY VALUATION OF US$200 MILLION
    * UPON CLOSE OF EQUITY FINANCING, CO HOLDS 9.0% STAKE IN
GUANG
HOLDINGS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5tSwQP
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 (Reuters.Briefs@thomsonreuters.com)