Guangdong Tianan New Material Co., Ltd. announced that it expects to receive CNY 79.69 million in funding
April 24, 2022
Share
Guangdong Tianan New Material Co., Ltd. announced a private placement of not less than 8,000,000 A shares and not more than 13,000,000 Ashares at the price of CNY 6.13 per share for gross proceeds of not less than CNY 49,040,000 and not more than CNY 79,690,000 on April 25, 2022. The transaction will include participation from returning investor Wu Qichao. The transaction has been approved at the twenty-second meeting of the third board of directors of the company. The transaction still needs to be reviewed and approved by the company's general meeting of shareholders and approved by the China Securities Regulatory Commission.
On September 3, 2022, the company announced that the company received China Securities Regulatory Commission Administrative License Application Receipt (Acceptance No. 222106) issued by the China Securities Regulatory Commission, having reviewed and decided to accept the Company's private placement application.
On January 16, 2023, the company announced that the Issuance Review Committee of the China Securities Regulatory Commission has approved the application for the non-public offering of shares.
Guangdong Tianan New Material Co Ltd is a China-based company principally engaged in the research and development, design, production and sales of architectural ceramics and polymer composite facing materials. The Company's main products include architectural ceramics, automotive interior facing materials, building fireproof facing materials, home decoration facing materials and films, artificial leather, and other polymer materials, such as polyvinyl chloride (PVC) facing materials, polypropylene (PP) facing materials, and Electron Beam Polypropylene (EBPP) decorative films. The Company is also engaged in the complete assembly business. The Company distributes its products within the domestic market and to overseas markets.