Sinofibers Technology Co.,Ltd. announced that it expects to receive CNY 2 billion in funding from Fullgoal Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., AVIC Securities Co.,Ltd., Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership), First Heavy Group Rongchuang Technology Development Co., Ltd.
August 25, 2021
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Sinofibers Technology Co.,Ltd. announced a private placement of not more than 100,000,000 shares for gross proceeds of not more than CNY 2,000,000,000 on August 26, 2021. The transaction will include participation from not more than 35 investors. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 15th meeting of the company's 2nd directorate, 13th meeting of the 2nd supervisory board and is subject to its shareholder's approval, the Shenzhen Stock Exchange and the China Securities Regulatory Commission.
On October 20, 2021, the company announced that it has received Notice on Acceptance of its Private Placement Application Documents (Acceptance [2021] No. 463) from the Shenzhen Stock Exchange.
Sinofibers Technology Co Ltd is a China-based company mainly engaged in research and development, production and sales of carbon fiber and carbon fiber fabrics. The Company's carbon fiber products mainly include polyacrylonitrile (PAN)-based carbon fibers. These products are mainly used in the defense industry as well as in high performance civil applications. The Company's carbon fiber fabric products mainly include ZT7, ZT8, ZT9 and high model ZM40J series. The Company's carbon fiber fabrics are primarily used in carbon fiber woven fabrics. The Company mainly conducts its businesses in domestic market.
Sinofibers Technology Co.,Ltd. announced that it expects to receive CNY 2 billion in funding from Fullgoal Fund Management Co., Ltd., Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., AVIC Securities Co.,Ltd., Jinan Jiangshan Investment Partnership Enterprise (Limited Partnership), First Heavy Group Rongchuang Technology Development Co., Ltd.