Shandong Dawn Zhou’s Packaging Co., Ltd. announced that it expects to receive CNY 10 million in funding from Shandong Dawn Polymer Co.,Ltd., Qingdao Bailijia Economic Consulting Service Co., Ltd.
September 14, 2021
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Shandong Dawn Zhou’s Packaging Co., Ltd. announced that it will receive CNY 10 million in equity round of funding on September 15, 2021. The transaction will include participation from existing investor Shandong Dawn Polymer Co.,Ltd. for CNY 5,100,000 and Qingdao Bailijia Economic Consulting Service Co., Ltd. for CNY 4,900,000 to retain their stakes of 51% and 49% respectively. Upon closing, the registered capital of the company will increase from CNY 10 million to CNY 20 million. The transaction has been approved in the fifteenth meeting of the fourth board of directors of Shandong Dawn Polymer Co.,Ltd.
Shandong Dawn Polymer Co., Ltd. is a China-based company mainly engaged in the research and development, manufacture and sales of polymer composites. The Company operates through two business segments: Modified Plastics and Thermoplastic Elastomers Production and Operation segment and the Color Concentrate Production and Operation segment. The Company's products consist of modified plastics, including reinforcing and toughening modified plastics, flame-retardant modified plastics, high gloss modified plastics and others, as well as dynamic fully vulcanized thermoplastic elastomers and masterbatch products, including special masterbatch and multifunctional masterbatches. The products are applied to automobiles, home appliances, electronics, office equipment, aerospace, health and other areas. The Company distributes its products within domestic market and to overseas markets.
Shandong Dawn Zhou’s Packaging Co., Ltd. announced that it expects to receive CNY 10 million in funding from Shandong Dawn Polymer Co.,Ltd., Qingdao Bailijia Economic Consulting Service Co., Ltd.