Chongqing Mas Sci.&Tech. Co., Ltd. announced that it has received CNY 154.289967 million in funding
February 25, 2021
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On February 25, 2021, Chongqing Mas Sci.&Tech. Co., Ltd. (SZSE:300275) closed the transaction. The company has issued 19,118,955 shares at a price of CNY 8.07 per share for gross proceeds of CNY 154,289,966.85 in the transaction. The company incurred expenses of CNY 6,385,961.29 and received net proceeds of CNY 147,904,005.56 in the transaction. The share capital of the company is CNY 19,118,955 and capital reserve will be CNY 128,785,050.56.
Chongqing Mas Sci &Tech Co Ltd is a China-based company principally engaged in the research, development and application of Internet of things technology for mining industry. The Company offers three lines of products. Mining products includes Internet of things technology, smart mining solutions, security monitoring systems, positioning systems, and alarming systems, among others. Environment protection products include pollution source monitoring, surface water quality monitoring, and air quality monitoring, among others. Municipal products include smart city management service platform, dangerous gas monitoring system, bridge, slope and tunnel safety monitoring & alarming system, and underground sewage pipeline monitoring system, among others.
CHONGQING MAS SCI.&TECH.CO.,LTD. 
