Jiangyin Jianghua Microelectronics Materials Co., Ltd announced that it expects to receive CNY 699.999998 million in funding from Zibo Xingheng Tusong Holdings Co., Ltd
November 17, 2021
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Jiangyin Jianghua Microelectronics Materials Co., Ltd entered into a share subscription agreement with Zibo Xingheng Tusong Holdings Co., Ltd for not more than 34,739,454 shares at a price of CNY 20.15 per share for gross proceeds of not more than CNY 700,000,000 on November 18, 2021. Th. e shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved in the 18th meeting of the company's 4th directorate and the 15th meeting of the 4th supervisory board, and is subject to the approvals of the company's shareholders, the supervising and managing state-owned assets, and the China Securities Regulatory Commission, and the State Administration for Market Regulation's Review on Business Concentration Anti-monopoly.
On February 25, 2022, the company announced that it has received China Securities Regulatory Commission Administrative license application receipt under acceptance No. 220313
Jiangyin Jianghua Micro-electronic Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of wet electronic chemicals. The Company is mainly engaged in two businesses. The ultra-clean high-purity reagent business is engaged in the production and sales of ultra-clean high-purity reagents such as hydrogen peroxide, sulfuric acid, and hydrochloric acid. The photoresist supporting reagent business is engaged in the production and sales of photoresist supporting reagents such as ethyl acetate, butyl acetate, and n-butanol. The Company's products are mainly used in the cleaning, photolithography, development, etching, film removal, doping and other manufacturing processes of micro-fabrication of electronic components such as display panels, semiconductor chips, and solar cells. The Company mainly conducts its businesses in the domestic market.
Jiangyin Jianghua Microelectronics Materials Co., Ltd announced that it expects to receive CNY 699.999998 million in funding from Zibo Xingheng Tusong Holdings Co., Ltd