Juntong Communications Lands RMB 50 Mln Funding
China Securities Journal, 11/16/09
Chinese private equity organization Kunwu Jiuding Capital recently signed a share purchase agreement with Chengdu-based telecom network maintenance provider Juntong Communications under which Kunwu's fund will invest RMB 50 mln in Juntong. The initial payment of RMB 35 mln has already been made.
Juntong Communications focuses mainly on contract network maintenance services, meaning network maintenance services contracted out to third parties by network operators.
Keywords: Juntong wireless funding Kunwu Jiuding
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