Changzhou Steel Research Jiguang Additive Materials Manufacturing Co., Ltd. announced that it expects to receive CNY 200 million in funding from Gaona Aero Material Co., Ltd., Changzhou Wunan Huizhi Venture Capital Co., Ltd., Steel Research Investment Co., Ltd., Pingdu City Jiguang Ruifu Investment Management Center (Limited Partnership)
August 25, 2023
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Changzhou Steel Research Jiguang Additive Materials Manufacturing Co., Ltd announced that it will issue common shares for gross proceeds of not more than CNY 200,000,000.00 on August 25, 2023. The transaction will include participation from returning investors, Gaona Aero Material Co., Ltd. by investing not more than CNY 40,000,000, Steel Research Investment Co., Ltd. by investing not more than CNY 40,000,000, new investors, Changzhou Wunan Huizhi Venture Capital Co., Ltd. and Pingdu City Jiguang Ruifu Investment Management Center (Limited Partnership). The transaction has been approved at the 6th directorate during its 24th meeting.
Gaona Aero Material Co.,Ltd. is a China-based company principally engaged in the development, design, manufacture and sale of high temperature alloy products. The Companyâs main products include cast alloy products, wrought alloy products, powder alloy products, special alloy products and high-purity and high-strength special alloy products, among others. The Companyâs products are mainly used in aviation and aerospace, large-scale power generation equipment, weapons, energy, petrochemical, pharmaceutical, automotive turbochargers, nuclear energy and ground gas turbines. The Company distributes its products in domestic market, with Northeast China and North China as its main markets.
Changzhou Steel Research Jiguang Additive Materials Manufacturing Co., Ltd. announced that it expects to receive CNY 200 million in funding from Gaona Aero Material Co., Ltd., Changzhou Wunan Huizhi Venture Capital Co., Ltd., Steel Research Investment Co., Ltd., Pingdu City Jiguang Ruifu Investment Management Center (Limited Partnership)