GCH Technology Co., Ltd. announced that it expects to receive CNY 300 million in funding
May 05, 2023
Share
GCH Technology Co., Ltd. announced a private placement of common shares at an issue price of not lower than 80% of the average stock trading price in the 20 trading days prior to the pricing base date for the gross proceeds of not exceeding CNY 300 million on May 5, 2023. The shares cannot be transferred within six months from the date of the end of the issue. The transaction has been approved in the 22nd meeting of the second board of directors and the ninth meeting of the third board of supervisors.
GCH Technology Co Ltd is a China-based company mainly engaged in the manufacture of polymer material additives. The Company's main products nucleating agents, synthetic hydrotalcite and compound additives are key materials for the manufacture of high-performance resins and are at the upstream of the high-performance resin and modified plastics manufacturing industry. The Company's products can improve the general resin products of optical, mechanical properties and to improve the stability of resin products, made of high performance resin products can meet the food packaging contact materials, medical equipment, pharmaceutical packaging, infants and young children, auto parts, lithium battery materials, household appliances household items, lithium batteries, such as building materials like industry safety and environmental requirements.
GCH TECHNOLOGY CO., LTD. 
