Anhui Jujie Microfiber New Material Technology Co., Ltd. announced that it expects to receive CNY 68 million in funding from Jiangsu Jujie Microfiber Technology Group Co., Ltd.
August 24, 2021
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Anhui Jujie Microfiber New Material Technology Co., Ltd. announced that it will receive gross proceeds of CNY 68,000,000 on August 25, 2021. The transaction will include participation from returning investor, Jiangsu Jujie Microfiber Technology Group Co., Ltd. to retain 100% stake in the company. After the completion of the capital increase, the registered capital of the company will increase from CNY 50,000,000 to CNY 118,000,000. The transaction has been approved at the 8th meeting of the 2nd board of directors and the 8th meeting of the 2nd board of supervisors.
Jiangsu Jujie Microfiber Technology Group Co., Ltd. is a China-based company mainly engaged in composite fiber products business. The Company focuses on research, development, manufacturing and sales of ultra-fine composite fiber fabrics and finished products. The Company's products include microfiber finished products, microfiber imitation leather fabrics, microfiber functional fabrics and microfiber dust-free clean products. Microfiber finished products launched home textile series, sports series. Microfiber imitation leather fabrics are mainly used in many fields such as fashion, home furnishings, automotive interiors, and shoe materials. Microfiber functional fabrics are mainly used in microfiber sports towels, sports auxiliary equipment, and casual clothing. Microfiber dust-free clean products are mainly used in LED liquid crystals, camera lenses, semiconductors, integrated circuits, etc. The Company distributes its products within domestic market and to overseas markets.
Anhui Jujie Microfiber New Material Technology Co., Ltd. announced that it expects to receive CNY 68 million in funding from Jiangsu Jujie Microfiber Technology Group Co., Ltd.
JIANGSU JUJIE MICROFIBER TECHNOLOGY GROUP CO., LTD. 
