TGOOD’s ubsidiary Teld obtains investment from various VCs

On the evening of January 21, TGOOD (300001) disclosed the latest progress of its subsidiary Teld’s capital increase and share expansion. Various parties have agreed that they will subscribe for the additional registered capital of RMB 76.53 million at a premium of RMB 1.35 billion. The investors include CDH Investments, Venus Growth, CCT Fund, China Reform Capital, etc.

On the evening of January 21, TGOOD (300001) disclosed the latest progress of its subsidiary Teld’s capital increase and share expansion. Various parties have agreed that they will subscribe for the additional registered capital of RMB 76.53 million at a premium of RMB 1.35 billion. The investors include CDH Investments, Venus Growth, CCT Fund, China Reform Capital, etc.

The announcement shows that after the capital increase, CDH Investments holds 2.29% equity of Teld, CCT Fund 3.82%, and China Reform Holdings 1.30%.

According to the announcement, the strategic investors such as CDH Investment, CCT Fund, China Reform Capital, and other leading investment institutions from home and abroad increase their investment in Teld. All will work together to promote the development of new energy vehicles and the charging infrastructure industry and jointly increase market influence.

It will significantly enhance the capital strength and future business development capabilities of Teld, further advance the company’s strategic presence in the field of charging, promote the rapid development of the company’s related industrial chain and business profitability, and increase the core competitiveness and comprehensive strength of the listed company.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/tgoods-ubsidiary-teld-obtains-investment-from-various-vcs/.

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