Shenzhen Chengxin Lithium Group Co., Ltd. announced that it has received CNY 949.999986 million in funding from Shenzhen Shengtun Yixing Technology Co., Ltd, Shenzhen Shengtun Huize Trading Co., Ltd, Xiamen Tunchu Investment Partnership (Limited Partnership)
July 26, 2021
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On July 27, 2021, Shenzhen Chengxin Lithium Group Co., Ltd. closed the transaction. New investors Shenzhen Shengtun Yixing Technology Co., Ltd, Shenzhen Shengtun Huize Trading Co., Ltd and Xiamen Tunchu Investment Partnership (Limited Partnership) acquired 4.19%, 6.28% and 2.79% stakes in the company, respectively. The company received net proceeds of CNY 943,891,876.79 in the transaction. The company completed the registration procedures for the newly issued shares.
Chengxin Lithium Group Co Ltd, formerly Shenzhen Chengxin Lithium Group Co Ltd, is principally engaged in the manufacture and sale of fiberboards, as well as the planting and operation of fast-growing and high-yield plantation. The Companyâs main products are medium (high) density fiberboards, reinforced wood floorings, melamine decorative laminates, cement templates and other forest products. Its medium (high) density fiberboards are used in office, furniture, sound boxes, reinforced wood floorings, outdoor and indoor decoration, fan blades, computer room antistatic floorings, weatherboards, security doors and wall boards, among others. The Company is also engaged in manufacture and sales of rare earth and lithium salt products. The Company mainly operates its business in domestic markets. On September 13, 2013, the Company announced that it has transferred a 90% stake in a Zengcheng-based subsidiary.
Shenzhen Chengxin Lithium Group Co., Ltd. announced that it has received CNY 949.999986 million in funding from Shenzhen Shengtun Yixing Technology Co., Ltd, Shenzhen Shengtun Huize Trading Co., Ltd, Xiamen Tunchu Investment Partnership (Limited Partnership)
CHENGXIN LITHIUM GROUP CO., LTD. 
