Guohua Jintai New Material Technology Co., Ltd. announced that it expects to receive CNY 40 million in funding from Zhejiang Three Stars New Materials Co., Ltd.
June 25, 2023
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Guohua Jintai (Shandong) New Material Technology Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding on June 26, 2023. The transaction will include participation from new investor, Zhejiang Three Stars New Materials Co., Ltd. After the completion of this capital increase, the investor will hold 80% equity stake of the company and the registered capital of company will increase from CNY 10,000,000 to CNY 50,000,000. The transaction has been reviewed and approved at the 20th meeting of fourth board of directors and but it has yet to be submitted to the company's second extraordinary general meeting of shareholders in 2023 for consideration.
On July 13, 2023, the company announced that the transaction got approved by 2nd special shareholders? meeting for 2023 and also approved the proposal of investor's capital increase.
Zhejiang Three Stars New Materials Co., Ltd. is principally engaged in design, research and development, manufacture and sales of glass doors of low temperature storage equipment and deep processing glass products. The Company's main products include hollow glass doors, single-layer glass doors, tempered glass, coated glass and display glass, among others. The Company distributes its products within the domestic market and to overseas market.
Guohua Jintai New Material Technology Co., Ltd. announced that it expects to receive CNY 40 million in funding from Zhejiang Three Stars New Materials Co., Ltd.
ZHEJIANG THREE STARS NEW MATERIALS CO., LTD. 
