Qianjiang Feilihua Quartz Glass Material Co.,Ltd announced that it expects to receive CNY 30 million in funding from Hubei Feilihua Quartz Glass Co.,Ltd
May 21, 2020
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Qianjiang Feilihua Quartz Glass Material Co.,Ltd announced a private placement of common share for the gross proceeds of CNY 30,000,000 from existing investor Hubei Feilihua Quartz Glass Co.,Ltd (SZSE:300395) on May 22, 2020. The transaction has been approved by the 2nd meeting of the 5th directorate of the company. Post completion of transaction, the registered capital of the company will increase from CNY 5,000,000 to CNY 35,000,000.
Hubei Feilihua Quartz Glass Co Ltd is a China-based company principally engaged in the manufacture and sale of quartz materials, glass materials, special fiber materials, composite materials, as well as related products. The Company's main products include quartz glass products and quartz glass materials. The Company's products are mainly used in the areas of semiconductor, optical communications, optical and aerospace. The Company mainly operates its businesses in the domestic and overseas markets.
Qianjiang Feilihua Quartz Glass Material Co.,Ltd announced that it expects to receive CNY 30 million in funding from Hubei Feilihua Quartz Glass Co.,Ltd