Anhui Comprehensive Transportation Research Institute Co., Ltd. announced that it expects to receive CNY 50 million in funding from Anhui Transport Consulting & Design Institute Co.,Ltd. and other investors
April 11, 2019
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Anhui Comprehensive Transportation Research Institute Co., Ltd. announced that it will receive CNY 50 million in an equity round of funding on April 12, 2019. The transaction will include participation from existing investor Anhui Transport Consulting & Design Institute Co.,Ltd. (SHSE:603357) for CNY 30 million and other investors. On closing, the registered capital will increase from CNY 100 million to CNY 150 million. The transaction was approved by board of directors at 20th meeting of the 2nd directorate of Anhui Transport Consulting & Design Institute Co.,Ltd. (SHSE:603357).
Anhui Transport Consulting & Design Institute Co., Ltd. is a China-based company mainly engaged in the provision of engineering consulting services. The Company is mainly engaged in the provision of traffic engineering consulting services, such as survey design services, consulting research and development services, testing services, project management services for tunnel engineering programs, water transport engineering programs and municipal engineering programs. The Survey Design Services segment is engaged in engineering survey, survey consulting and design consulting services. The Consulting Research and Development Services segment is engaged in special consulting, research and development and incubation promotion services. The Testing Services segment is engaged in material testing, structural testing, and quality inspection services. The Project Management Services segment is engaged in the provision of engineering supervision, project management and other related services.
Anhui Comprehensive Transportation Research Institute Co., Ltd. announced that it expects to receive CNY 50 million in funding from Anhui Transport Consulting & Design Institute Co.,Ltd. and other investors