Zhuzhou Feilu High-Tech Materials Co., Ltd. announced that it expects to receive CNY 109.5 million in funding from Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., Guangdong Zhenyuan Private Equity Fund Management Co., Ltd., Shanghai Zhuchi Asset Management Co., Ltd.
May 11, 2022
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Zhuzhou Feilu High-Tech Materials Co., Ltd. announced a private placement to issue not more than 20,000,000 shares for an aggregate gross proceeds of not more than CNY 109,500,000 on May 12, 2022. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors.
The shares to be issued shall have a hold period of 6 months from closing of the transaction. The transaction has been approved at the annual general shareholders meeting of 2021, and approved authorizing the company's directorate for the transaction. The transaction is still subject to approval from Shenzhen Stock Exchange and the China Securities Regulatory Commission.
Zhuzhou Feilu High-tech Materials Co Ltd is a company mainly engaged in research, development, production and sales of anti-corrosion and protective materials. The Company operates three segments. The Product Sales Business segment is engaged in the production and sales of anti-corrosion materials, waterproof materials and floors, including oil-based anti-corrosion materials and water-based anti-corrosion materials, paints and coils. The products are mainly applied in the anticorrosion of rail transit equipment, waterproofing of rail transit engineering market and civil construction market. The Paint and Coating Integration segment focuses on designing anti-corrosion and protection schemes, developing customized materials and providing construction services. The Coating Construction segment is involved in providing supporting construction services to the clients who purchase the materials.
Zhuzhou Feilu High-Tech Materials Co., Ltd. announced that it expects to receive CNY 109.5 million in funding from Nuode Asset Management Co., Ltd., Caitong Fund Management Co., Ltd., Guangdong Zhenyuan Private Equity Fund Management Co., Ltd., Shanghai Zhuchi Asset Management Co., Ltd.
ZHUZHOU FEILU HIGH-TECH MATERIALS CO., LTD. 
