Zhuzhou Feilu High-Tech Materials Co., Ltd. announced that it expects to receive CNY 138.6 million in funding from Shanghai Jiaqisheng Technology Co., Ltd.
March 13, 2023
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Zhuzhou Feilu High-Tech Materials Co., Ltd. entered into a share subscription agreement for issuance of not more than 21,000,000 A shares at a price of CNY 6.60 per share for gross proceeds of not more than CNY 138,600,000 on March 13, 2023. The transaction will include participation from new investor Shanghai Jiaqisheng Technology Co., Ltd. The shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved by the 25th meeting of the 4th directorate of the company. The transaction is still subject to approval from the company?s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.
On August 27, 2023, the company announced that the application for the issuance of shares has been accepted by the Shenzhen Stock Exchange.
Zhuzhou Feilu High-tech Materials Co Ltd is a company mainly engaged in research, development, production and sales of anti-corrosion and protective materials. The Company operates three segments. The Product Sales Business segment is engaged in the production and sales of anti-corrosion materials, waterproof materials and floors, including oil-based anti-corrosion materials and water-based anti-corrosion materials, paints and coils. The products are mainly applied in the anticorrosion of rail transit equipment, waterproofing of rail transit engineering market and civil construction market. The Paint and Coating Integration segment focuses on designing anti-corrosion and protection schemes, developing customized materials and providing construction services. The Coating Construction segment is involved in providing supporting construction services to the clients who purchase the materials.
Zhuzhou Feilu High-Tech Materials Co., Ltd. announced that it expects to receive CNY 138.6 million in funding from Shanghai Jiaqisheng Technology Co., Ltd.
ZHUZHOU FEILU HIGH-TECH MATERIALS CO., LTD. 
