Chin Yee Chemical Industries Co., Ltd. announced that it expects to receive TWD 200 million in funding from DKS Co. Ltd. and other investors
July 30, 2018
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Chin Yee Chemical Industries Co., Ltd. announced an equity private placement for gross proceeds of TWD 200 million on July 31, 2018. The transaction will include participation from existing investor DKS Co. Ltd. (TSE:4461) for proceeds of TWD 100 million to retain its 51% stake and other investors. Post the closing, the capital of the company will increase from TWD 120 million to TWD 320 million. The transaction is expected to close by the end of September, 2018. The transaction has been approved by the board of directors of the investor.
DKS Co. Ltd. is engaged in the manufacture and sale of surfactants, functional materials and electronic device materials. The Company operates in five business segments. The Surfactant segment is engaged in the manufacture and sale of nonionic surfactants, anionic surfactants, cationic surfactants and amphoteric surfactants. The Amenity Materials segment is engaged in the manufacture and sale of sucrose fatty acid esters, cellulose-based polymer materials, vinyl-based polymer materials and health supplements. The Urethane Materials segment is engaged in the manufacture and sale of polyether polyols, urethane prepolymers and urethane systems. The Functional Materials segment is engaged in the manufacture and sale of materials for photocurable resins, aqueous urethane resins, flame retardants, amide-based lubricants. The Electronic Device Materials segment is engaged in the manufacture and sale of conductive pastes for electronic components and pellets for injection molding.
DKS CO. LTD. 
