Jiangsu Maysta Chemical Co., Ltd. announced that it expects to receive CNY 488.7795 million in funding
July 15, 2021
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Jiangsu Maysta Chemical Co., Ltd. announced a private placement of A shares on July 16, 2021. The transaction is subject to approval of the China Securities Regulatory Commission. The China Securities Regulatory Commission reviewed the application materials submitted by the company for the approval of the administrative license for the transaction. It considered that the application materials were complete and conformed to the statutory form, and decided to accept the application for the administrative license.
On November 30, 2021, the company received conditional approval issued by the China Securities Regulatory Commission for the transaction. The transaction still needs to be approved by the China Securities Regulatory Commission, and there is uncertainty about whether it can be approved and the final approval time.
JIANGSU MAYSTA CHEMICAL CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of polyurethane foam stabilizers. The Company operates through two main segments. The Main Business segment is mainly engaged in the production and sales of rigid foam stabilizers, flexible foam stabilizers and oil field chemicals. The Other Business segment is mainly engaged in the provision of customized technology support and services for clients.