BGRIMM Technology Co., Ltd. announced that it expects to receive CNY 23 million in funding from BGRIMM Technology Group Co., Ltd.
November 16, 2021
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BGRIMM Technology Co., Ltd. announced a private placement of CNY 23 million in an equity funding on November 16, 2021. The transaction will include participation from existing investor, BGRIMM Technology Group Co., Ltd., Zhuzhou Zhonghe Enterprise Management Partnership (Limited Partnership), Zhuzhou Qiyuan Enterprise Management Partnership (Limited Partnership), individual investors, Xie Andong, Xu Zhibo, Lu Zhiang, Xia Junhui, Xiong Jiazheng, Zhang Xingen, Li Yong, Wang Yangyang, Liu Chengqiang. The shares will have a lock up period of 6 months, except in the case of BGRIMM Technology Group Co., Ltd, whose lock up period is 36 months.
BGRIMM Technology Co Ltd is a company engaged in the research and development (R&D), production, sales and service of mining and metallurgical equipment and magnetic materials. The mining and metallurgical equipment mainly includes flotation equipment, magnetic separation equipment, grinding equipment, mixing tank, beneficiation auxiliary equipment, automatic zinc stripping unit, metallurgical leaching tank, environmental protection equipment and others. The magnetic material products include sintered permanent magnet ferrite, bonded permanent magnet ferrite, injection molding magnet, rubber magnet, magnetic recording material, rare earth permanent magnet and other magnetic materials, permanent magnet parts and others. The Company's products are mainly sold to East and South China, Europe, the United States, Japan, Hong Kong, Taiwan and other regions.
BGRIMM TECHNOLOGY CO., LTD. 