Sichuan Greenda Electronic Materials Co., Ltd. announced that it expects to receive CNY 150 million in funding from Hangzhou Greenda Electronic Materials Co., Ltd.
September 21, 2020
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Sichuan Greenda Electronic Materials Co., Ltd. announced that it will receive CNY 150,000,000 in an equity round of funding on September 21, 2020. The transaction will include participation from returning investor, Hangzhou Greenda Electronic Materials Co., Ltd. (SHSE:603931) to retain its 100% stake in the company. The registered capital of the company will increase from CNY 12,000,000 to CNY 162,000,000 post closing of the transaction. The transaction has been approved at the 2nd meeting of the 2nd supervisory board of directorate of the investor and does not needs to be submitted to its shareholders.
Hangzhou Greenda Electronic Materials Co Ltd is a China-based company principally engaged in the research and development, production and sales of ultra-clean and high-purity wet electronic chemicals. The Company's main products include developer, etchant, diluent and cleaning solution. Its downstream applications are mainly display panels, semiconductors, solar cells, etc., and are mainly used in the manufacturing processes of electronic products such as development, etching, and cleaning. The Company's core product, Tetramethy1 ammonium hydroxide (TMAH) developer, is a key material in the production of Liquid Crystal Display (LCD) and Organic Light-Emitting Diode (OLED) display panels.
Sichuan Greenda Electronic Materials Co., Ltd. announced that it expects to receive CNY 150 million in funding from Hangzhou Greenda Electronic Materials Co., Ltd.
HANGZHOU GREENDA ELECTRONIC MATERIALS CO., LTD. 
