EShallGo announces $20M investment from CS Fund, enters Tencent ecosystem

Eshallgo (EHGO) and the investment fund CS Asia Opportunities jointly announced an equity investment. According to the securities purchase agreement between the two parties, CS Fund will become one of the shareholders of EHGO by injecting up to $20M in equity investment in tranches. In this cooperation, CS Fund will purchase a total of up to 4,166,660 shares of Eshallgo at a price of $4.80 per share in tranches. This equity cooperation will provide a foundation for Eshallgo’s entry into Tencent’s (TCEHY) business ecosystem.