Zhengzhou Research Institute for Abrasives & Grinding Co. LTD announced that it will raise CNY 532,528,600 in an equity round of funding on December 8, 2023. The transaction will include participation from new investor Sinomach Precision Industry Group Co., Ltd. The transaction has been approved by the 30th Meeting of the Company?s 7th Directorate.

After the transaction, Zhengzhou Research Institute for Abrasives & Grinding Co. LTD's registered capital will increase from CNY 170,000,000 to CNY 300,000,000.