Puyang Huicheng New Material Industry Technology Research Institute Co., Ltd. announced that it expects to receive CNY 60.4131 million in funding from Puyang Huicheng Electronic Material Co., Ltd.
August 20, 2020
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Puyang Huicheng New Material Industry Technology Research Institute Co., Ltd. announced that it will receive CNY 60,413,100 in an equity round of funding on August 21, 2020. The transaction will include participation from returning investor Puyang Huicheng Electronic Material Co., Ltd. (SZSE:300481) and will retain 100% stake in the company. Pursuant to the transaction, CNY 50,000,000 will go into registered capital and the rest will go into capital reserve. The transaction has been approved in the sixth meeting of the fourth board of directors and the fifth meeting of the fourth board of supervisors and is subject to approval of company's shareholders meeting.
Puyang Huicheng Electronic Material Co.,Ltd is a China-based company principally engaged in the research and development, manufacture and sale of anhydride maleic anhydride derivatives, fluorene and other fine chemicals. The Company's main products include Tetrahydrophthalic Anhydride, Hexahydrophthalic Anhydride, Methyl Tetrahydrophthalic Anhydride and carbic anhydride, among others. The Company's anhydride maleic anhydride derivatives are mainly used for epoxy resin curing and the synthesis of polyester resin and alkyd resin. The Companyâs products are applied in electronic component encapsulation, electrical equipment insulation materials, coatings, composite materials, photolectric material and pharmaceutical intermediates. The Company distributes its products in domestic market and to overseas markets.
Puyang Huicheng New Material Industry Technology Research Institute Co., Ltd. announced that it expects to receive CNY 60.4131 million in funding from Puyang Huicheng Electronic Material Co., Ltd.
PUYANG HUICHENG ELECTRONIC MATERIAL CO., LTD. 
