Comtech Industrial Technology Company Limited announced that it expects to receive CNY 149.999977 million in funding from Cogobuy Group, Alphalink Global Limited, Guangdong Finance Fund Management Co., Ltd.
June 28, 2021
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Comtech Industrial Technology (Shenzhen) Company Limited announced a private placement of CNY 149,999,977 in a round of funding on June 29, 2021. The company entered in to purchase agreement with Cogobuy Group (SEHK:400), Alphalink Global Limited and Guangdong Industry Development Fund, a fund managed by Guangdong Finance Fund Management Co., Ltd for 4.92% of the equity of the company. The securities issued are subjected to holding period of 12 months. After the transaction Cogobuy Group (SEHK:400) will decrease the stake from 75.00% to 62.42%. The transaction was approved by the board of directors of the company. The transaction is subjected to certain conditions and, accordingly, the June 2021 Subscription may or may not materialize.
Ingdan, Inc, formerly Cogobuy Group, is a China-based company mainly engaged in the sales of electronic components and semiconductor products. The Company conducts its businesses primarily through two segments. The Comtech segment is mainly engaged in the sales of integrated circuits (ICs), other electronic components and artificial intelligence Internet of Things (AIoT) products. The Ingdan segment is mainly engaged in the sales of self-developed and semiconductor products, Gravity Financial Services, third-party platform operations, software licensing services and incubators.
Comtech Industrial Technology Company Limited announced that it expects to receive CNY 149.999977 million in funding from Cogobuy Group, Alphalink Global Limited, Guangdong Finance Fund Management Co., Ltd.
INGDAN, INC. 
