Panjin Kingfa New Materials Co., Ltd. announced that it expects to receive CNY 2.903086963 billion in funding from Kingfa Sci. & Tech. Co., Ltd., Guangzhou Tengxichen Investment Co., Ltd., Beijing Taiyou Investment Management Co., Ltd.
December 14, 2022
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Panjin Kingfa New Materials Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 2,903,086,963 on December 15, 2022. The transaction will include participation from Kingfa Sci. & Tech.
Co., Ltd., Guangzhou Tengxichen Investment Co., Ltd., Jinshi Manufacturing Transformation and Upgrading New Materials Fund (L.P.), a fund managed by Beijing Taiyou Investment Management Co., Ltd. and Panjin Kingfa New Material Industry Partnership Enterprise.
Kingfa Sci&Tech Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new chemical materials. The Company is also engaged in the production and sales of medical consumables. The Company's main products include modified plastics, environmentally friendly high-performance recycled plastics, fully biodegradable plastics, special engineering plastics, carbon fiber and composite materials, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins and medical health polymer materials products. The Company's products are widely used in automobiles, home appliances, electronics and electrical engineering, communications electronics, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, high-end equipment, medical health and other industries.
Panjin Kingfa New Materials Co., Ltd. announced that it expects to receive CNY 2.903086963 billion in funding from Kingfa Sci. & Tech. Co., Ltd., Guangzhou Tengxichen Investment Co., Ltd., Beijing Taiyou Investment Management Co., Ltd.