Hubei Kailong Chemical Group Co., Ltd. announced that it has received CNY 849.999995 million in funding from a group of investors
April 09, 2024
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On April 10, 2024, Hubei Kailong Chemical Group Co., Ltd., closed the transaction. As a part of the transaction, the company paid CNY 11,976,981.13 as issuance expense in the transaction.
On April 18, 2024, the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. issued a "Confirmation of Acceptance of Share Registration Application", indicating that it has accepted the company's registration application materials for the issuance of new shares. After the completion of this issuance, the shares subscribed by Zhongjing Investment Holding Group Co., Ltd.in this issuance shall not be transferred within 18 months from the date of listing of the newly added shares, starting from April 26, 2024. Except for Zhongjing Investment Holding Group Co., Ltd., the shares subscribed by other issuing objects through this issuance shall not be transferred within 6 months from the date of listing of the newly added shares, starting from April 26, 2024.
HUBEI KAILONG CHEMICAL GROUP CO., LTD. is principally engaged in the manufacture and distribution of industrial explosives. The Company primarily provides modified ammonium nitrate-fuel oil explosives, including modified ammonium nitrate-fuel oil explosives for rocks; expanded ammonium nitrate explosives, including expanded ammonium nitrate explosives for rocks and expanded ammonium nitrate explosives for coal mines; emulsion explosives, including emulsion explosives for rocks and emulsion explosives for coal mines, as well as seismic explosive columns, including seismic explosive columns with low, medium and high detonation velocities, high power seismic explosive columns, emulsion seismic explosive columns and high strength seismic explosive columns. Its products are applied in petroleum, coal, mining, metallurgy, transportation, hydraulic, electric power, construction, national defense and other fields.