Guangzhou Conghua Zhaoshun New Materials Co., Ltd. announced that it expects to receive CNY 73.5 million in funding from Guangzhou Jointas Chemical Co., Ltd.
January 13, 2021
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Guangzhou Conghua Zhaoshun New Materials Co., Ltd. announced that it will receive CNY 73,500,000 in equity round of funding from returning investor Guangzhou Jointas Chemical Co., Ltd. on January 14, 2021. The investor retains its 100% stake in the company. The registered capital of the company will increase from CNY 26,000,000 to CNY 99,500,000 upon closing. The transaction has been approved by board of directors of Guangzhou Jointas Chemical Co., Ltd. in its 24th meeting of the 2nd directorate and the 17th meeting of the 2nd supervisory board and does not need its shareholders’ approval.
Guangzhou Jointas Chemical Co Ltd is a China-based company principally engaged in the research, development, production and sale of coatings and sealant products, as well as the provision of related services. The Company's main products include silicone sealants, water-based sealants, other sealants, asphalt paint and water-based paint. The Company's products are used in various areas, such as construction, home decoration, container manufacturing, steel structure manufacturing, petrochemical equipment and ship yacht equipment. The Company distributes its products mainly in domestic market.
Guangzhou Conghua Zhaoshun New Materials Co., Ltd. announced that it expects to receive CNY 73.5 million in funding from Guangzhou Jointas Chemical Co., Ltd.
GUANGZHOU JOINTAS CHEMICAL CO., LTD. 