Xinjiang Tianchi Energy Co., Ltd. announced that it expects to receive CNY 2 billion in funding from TBEA Co., Ltd., Xinjiang Joinworld Co., Ltd.
February 19, 2023
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Xinjiang Tianchi Energy Co., Ltd. announced that it will receive CNY 2,000 million in a round of funding on February 20, 2023. The transaction will include participation from returning investors TBEA Co., Ltd. for CNY 1,715.6 million for 85.78% stake, and Xinjiang Joinworld Co.,Ltd. for CNY 284.4 million for 14.22% stake. The transaction has been reviewed and approved in the second interim meeting of the ninth board of directors of the company and the second extraordinary meeting of the ninth board of supervisors.
Xinjiang Joinworld Co Ltd is a China-based company principally engaged in the research and development, production and sales of new electronic materials and aluminum and alloy products. The Company's main products include high-purity aluminum, electronic aluminum foil, electrode foil, aluminum products and alloy products. The Company's products are mainly used in electronic equipment, household appliances, automobile manufacturing, wire and cable, transportation, aerospace and other fields. The Company distributes its products both in the domestic market and to overseas markets.
XINJIANG JOINWORLD CO., LTD. 
