Zhejiang Wazam Energy Materials Co., Ltd. announced that it expects to receive CNY 140 million in funding from Zhejiang Huazheng New Material Co., Ltd.
May 27, 2021
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Zhejiang Wazam Energy Materials Co., Ltd. announced that it will receive CNY 140,000,000 in an equity round of funding on May 27, 2021. The transaction will include participation from returning investor, Zhejiang Huazheng New Material Co., Ltd. (SHSE:603186). On closing, the registered capital of the company will increase from CNY 60,000,000 to CNY 200,000,000 and the investor's stake will increase from 73.33% to 92%. The transaction has been approved in the 13th meeting of the fourth supervisory committee of the investor. The transaction has been approved at the 14th session of the company’s 4th directorate.
Zhejiang Wazam New Materials Co Ltd is a China-based company mainly engaged in the design, research and development (R&D), production and sales of copper clad laminate materials. The Company also produces functional composite materials, composite materials for transportation and logistics, and aluminum-plastic composite materials for lithium battery soft packs. The Company's products are widely used in communication information exchange systems, cloud computing storage systems, autonomous driving signal acquisition systems, Internet of Things (IoT) radio frequency systems, medical equipment, rail transit, lithium batteries, green logistics and other major fields. The Company sells products in domestic and foreign markets.
Zhejiang Wazam Energy Materials Co., Ltd. announced that it expects to receive CNY 140 million in funding from Zhejiang Huazheng New Material Co., Ltd.
ZHEJIANG WAZAM NEW MATERIALS CO.,LTD. 
