Shenzhen Huana New Materials Co., Ltd. announced that it expects to receive CNY 45 million in funding from Malion New Materials Co., Ltd., Dongguan Jiaqiao Phase IV Advanced Manufacturing Investment Partnership (Limited Partnership), Suzhou Trend One. 1 Venture Capital Partnership (Limited Partnership), Shenzhen Galaxy Angel No. 1 Private Venture Capital Partnership (Limited Partnership), Shenzhen Huana Innovation Management No. 2 Partnership (limited partnership)
August 07, 2022
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Shenzhen Huana New Materials Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 45 million on August 8, 2022. The transaction included participation from new investors Malion New Materials Co., Ltd. for CNY 14 million for 7% stake, Dongguan Jiaqiao Phase IV Advanced Manufacturing Investment Partnership (Limited Partnership) for CNY 16 million for 8% stake, Suzhou Trend One. 1 Venture Capital Partnership (Limited Partnership) for CNY 5 million for 2.50% stake, Shenzhen Galaxy Angel No.
1 Private Venture Capital Partnership (Limited Partnership) for CNY 5 million for 2.50% stake, Shenzhen Huana Innovation Management No. 2 Partnership (limited partnership) for CNY 5 million for 2.50% stake. The company will include CNY 8.709677 million as registered capital, and CNY 36.290323 million as capital reverse.
Malion New Materials Co Ltd is a company engaged in research and development, production and sales of polymer composite coloring materials, and provision of related technical services. The Company operates three segments, including Masterbatch and Related Products segment, Cyanuric Products and Related Products segment and Other segment. Its products include white masterbatch, black masterbatch, color masterbatch, functional masterbatch and cyanuric chloride. The masterbatch products are used in packaging materials, daily plastic products, personal care materials and medical device materials. The cyanuric chloride products are used in dry field pesticide herbicides, optical brighteners, pigments and other industries.
MALION NEW MATERIALS CO., LTD. 
