Guangdong Kingstrong Technology Co., Ltd. announced that it has received CNY 246 million in funding from Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Allianz Insurance Asset Management Co., Ltd., Foshan Zhenghe Asset Management Co., Ltd., Huaan Securities Co., Ltd.
December 24, 2023
Share
On December 25, 2023, Guangdong Kingstrong Technology Co., Ltd. closed the transaction. The company has paid issuance expenses of CNY 4,368,253.22, the net proceeds from this issuance is CNY 241,631,746.78.
On January 2, 2024, China Securities Depository and Clearing Corporation Limited Shenzhen Branch issued confirmation of acceptance of application for share registration to the company.
Guangdong Kingstrong Technology Co Ltd is a company mainly engaged in research, development, production and sales of metal matrix composite materials and products. The company operates two segments. The Metal Products and Other Businesses segment provides metal matrix superhard material products, thermal spray materials, wave absorbing materials, optical materials and products, as well as carbon fiber materials products. The products are used in building ceramics and military industry. The Radio Frequency (RF) Microwave segment operates its businesses through its subsidiary, and engaged in the design, development and production of RF microwave components, equipment and systems. The Company sells its products to both domestic and international markets, including Vietnam and India.
Guangdong Kingstrong Technology Co., Ltd. announced that it has received CNY 246 million in funding from Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Allianz Insurance Asset Management Co., Ltd., Foshan Zhenghe Asset Management Co., Ltd., Huaan Securities Co., Ltd.
GUANGDONG KINGSTRONG TECHNOLOGY CO., LTD. 
