Anhui Truchum Advanced Materials and Technology Co., Ltd. announced that it has received CNY 1.35 billion in funding
January 19, 2017
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On January 19, 2017, Anhui Truchum Advanced Materials and Technology Co., Ltd. (SZSE:002171) closed the transaction. The company amended the terms of the transaction on the same date. The company issued 89,889,036 shares at a price of CNY 15.05 per shares for gross proceeds of 1,352,829,991.80. The transaction includes participation of investor, Harvest Fund Management Co. Ltd. invested CNY 70,830,055.80, Caitong Fund Management Co., Ltd. invested CNY 230,999,996.85, Yinhua Fund Management Co. Ltd. invested CNY 149,999,993.85, Tianhong Asset Management Co., Ltd. invested CNY 137,999,996.75, Zhejiang Zheshang Securities Asset Management Co. , Ltd. invested CNY 135,999,987.20, Xingye Wealth Asset Management Co., Ltd. invested CNY 135,999,987.20, Penghua Asset Management Co., Ltd invested CNY 305,999,986.25, and Zhang Muzhong invested 184,999,987.90. The transaction issuance expense will be CNY 16,499,889.04. Listing date of the company is January 20, 2017. The securities being issue are subject to a hold period of 12 months from the listing date.
Anhui Truchum Advanced Materials and Technology Co., Ltd., formerly Anhui Jingcheng Copper Share CO., LTD., is a China-based company, principally engaged in the research and development, processing and distribution of metal-based materials. The Company operates its businesses through two segments. The Processing of Metal-based Materials segment is engaged in the research, development, production and distribution of copper alloy bar and wires, copper strips, conductive copper rods and others, used in electrical and electronic, mechanics, automobiles, hardware appliances and other industries. The Research and Development of Thermal Equipment and New Materials segment is engaged in the research, development, production and distribution of new materials thermal equipment and the transfer of technologies. Its products include copper sheets, copper rod and wires, copper bars, steel strips and others. The Company distributes its products within domestic market and to overseas markets.
ANHUI TRUCHUM ADVANCED MATERIALS AND TECHNOLOGY CO., LTD. 
