Chengdu Guibao Haobashi Sealing Material Co., Ltd. announced that it expects to receive CNY 8 million in funding from Chengdu Guibao Science & Technology Co.,Ltd.
October 21, 2020
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Chengdu Guibao Haobashi Sealing Material Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 8,000,000 on October 22, 2020. The transaction will include participation from returning investor Chengdu Guibao Science & Technology Co.,Ltd. (SZSE:300019) to retain it's 100% stake in the company. The transaction has been approved in the 17th meeting of the 5th directorate and the 17th meeting of the 5th supervisory board of the investor. Post the transaction, the registered capital of the company will increase from CNY 2,000,000 to CNY 10,000,000.
Chengdu Guibao Science & Technology Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of new materials such as silicone sealant. The Company's products include silicone sealant and silane coupling agent. The silicone sealant products include construction adhesives and industrial adhesives. The construction adhesives are mainly used in building curtain walls, insulating glass, energy-saving doors and windows, prefabricated buildings, interior decoration, airport roads and bridges and other fields. The industrial adhesives are mainly used in electronic and electrical appliances, photovoltaic, electric power, automobile and other fields. The silane coupling agent is mainly used in sealant, artificial quartz, glass fiber, coating ink, metal surface treatment agent and other fields.
Chengdu Guibao Haobashi Sealing Material Co., Ltd. announced that it expects to receive CNY 8 million in funding from Chengdu Guibao Science & Technology Co.,Ltd.
CHENGDU GUIBAO SCIENCE & TECHNOLOGY CO.,LTD. 
