Domestic Heated Tobacco Brand CIGOO Receives RMB 60 Million Capital Increase
News from the Electronic Cigarette Public Account: On February 2, the domestic heated tobacco brand CIGOO announced that it has received a capital increase of 60 million RMB!
After friendly discussions between shareholders Yunnan Henggang Technology Co., Ltd. and Shanghai Green Xin Electronic Technology Co., Ltd., both parties jointly decided to increase CIGOO's capital by 60 million RMB.
Additionally, CIGOO's registered capital will increase from 40 million RMB to 100 million RMB.
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This capital increase provides sufficient support for CIGOO's rapid development, enabling it to continue deepening its focus on the non-tobacco low-temperature heated tobacco products industry, enhancing its overall competitiveness, building a complete intellectual property system, expanding its business scale, improving customer service capabilities, and achieving strategic upgrades.
At the same time, CIGOO will leverage this opportunity to enhance its R&D capabilities and management levels, creating a more excellent R&D and management team to ensure better support for accelerated and efficient development, continuing to promote the healthy development of the non-tobacco low-temperature heated tobacco products industry.
The announcement also revealed that as of the end of 2020, CIGOO had obtained 51 patents, including 11 overseas invention patents; 17 domestic invention patents; 4 international PCT patent applications; and 19 utility model patents.
CIGOO's core patent cluster, represented by the patent titled "A One-Piece Formed Heated Tobacco Product and Its Preparation Method," has applied for patent protection in over 10 countries and regions, including China, the USA, Japan, South Korea, the EU, Hong Kong, Macau, and Taiwan.
