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RTNominal up2.790 +0.040 (+1.455%)

21/05/2021 11:21

Wasion's unit introduces Tencent VC as strategic investor

[ET Net News Agency, 21 May 2021] Wasion Holdings Limited (03393) said Hunan Wei Ming
Energy Technology Company, the wholly-owned subsidiary of Wasion's affiliate company
Willfar Information Technology Company Limited (Shanghai code: 688100) increased the
registered capital of RMB20 million and introduced Tencent Industry Venture Capital as a
strategic investor, who intends to contribute RMB50 million to purchase all of its newly
registered capital. Tencent Venture Capital will hold a 6.25% equity interest in Wei Ming
Energy Technology after the subscription.
Wei Ming Energy has signed a strategic investment agreement with Tencent Venture
Capital. Through the cooperation, both parties will share a series of strategic resources
including technologies, markets, channels and brands to further deepen Willfar Information
Technology's deployment in industrial Internet and assist the sustainable development of
the Group and the subsidiary. (KL)

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