BGRIMM Machinery & Automation Technology Co., Ltd. announced that it expects to receive CNY 191.42175 million in funding from BGRIMM Technology Co., Ltd.
June 06, 2021
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BGRIMM Machinery & Automation Technology Co., Ltd. announced that it will raise CNY 191,421,750 in an equity round of funding on June 7, 2021. The transaction include participation from returning investor BGRIMM Technology Co., Ltd. Post-closing of the transaction, the company registered capital will increase from CNY 128,578,250 to CNY 320,000,000. Post-closing of the transaction, the investor will retain its 100% stake in the company. The transaction was approved in fourth meeting of the seventh board of directors and the fourth meeting of the seventh board of supervisors of the investor.
BGRIMM Technology Co Ltd is a company engaged in the research and development (R&D), production, sales and service of mining and metallurgical equipment and magnetic materials. The mining and metallurgical equipment mainly includes flotation equipment, magnetic separation equipment, grinding equipment, mixing tank, beneficiation auxiliary equipment, automatic zinc stripping unit, metallurgical leaching tank, environmental protection equipment and others. The magnetic material products include sintered permanent magnet ferrite, bonded permanent magnet ferrite, injection molding magnet, rubber magnet, magnetic recording material, rare earth permanent magnet and other magnetic materials, permanent magnet parts and others. The Company's products are mainly sold to East and South China, Europe, the United States, Japan, Hong Kong, Taiwan and other regions.
BGRIMM Machinery & Automation Technology Co., Ltd. announced that it expects to receive CNY 191.42175 million in funding from BGRIMM Technology Co., Ltd.