JiangSu JiuWu Hi-Tech Co., Ltd. announced that it expects to receive CNY 300 million in funding
April 25, 2021
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JiangSu JiuWu Hi-Tech Co., Ltd. announced a private placement of not more than 10,000,000 common shares for gross proceeds of CNY 300,000,000 on April 26, 2021. The transaction will include participation from not more than 35 investors. All shares to be issued will be subject to a six months lock-up period. The transaction was approved in the 14th meeting of the company's seventh board of directors, and is subject to approval of company's shareholders, Shenzhen Stock Exchange and China Securities Regulatory Commission.
Jiangsu Jiuwu Hi-Tech Co Ltd is a company that provides a total solution of membrane integration technology and its complete equipment. The Company's products and services include membrane materials, membrane separation equipment, membrane integration technology solutions and operational technical support. The overall solution of membrane integration technology is used in the separation of industrial processes, such as biomedicine, chemical industry and metallurgy, and water treatment areas, such as industrial sewage, municipal sewage and water environment treatment.