China Digest: Estun to raise $143m; C Ventures backs Yum Delight

China Digest: Estun to raise $143m; C Ventures backs Yum Delight

Wholly Moly, a subsidiary of Yum Delight

Nanjing Estun Automation Company Limited plans to raise approximately 1 billion yuan ($143 million) through a private placement of shares. In a separate development, Wholly Moly’s parent company Yum Delight has garnered nearly $10 million in a Series A round from C Ventures.

Estun Automation raises $143m

SZ-listed industrial robot developer Nanjing Estun Automation Company Limited announced that it has agreed to issue shares to garner 1 billion yuan ($143 million) in a private placement to three marquee investors in a bid to accelerate business development.

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