Hycan Packaging (Xianning) announced that it will receive CNY100,544,600 (Yuan) in an equity financing round on January 27, 2022. The transaction will include the participation of existing investor Suzhou Hycan Holdings According to the transaction, CNY70,000,000 will be allocated to registered capital and CNY30,544,600 to the capital reserve fund. The registered capital of the company will increase from CNY130,000,000,000 to CNY200,000,000,000.
The transaction has been approved at the fourth meeting of the fourth board of directors and the fourth meeting of the fourth board of supervisors of the parent company.
Suzhou Hycan Holdings is a company operating in the packaging sector, specializing in the research, development, production and sale of innovative packaging solutions. The company focuses on providing high quality and sustainable packaging products tailored to different industries, including food and beverage, consumer products and other industrial sectors.
Hycan Holdings seeks to improve efficiency and sustainability in the supply chain through the use of advanced technologies and environmentally friendly materials. The company is involved in investing in subsidiaries and affiliates, Hycan Packaging (Xianning) to expand its production capacity and market reach.
