Huangshi Grace Electronic Material Technology Co., Ltd. announced that it expects to receive CNY 25 million in funding from Grace Fabric Technology Co.,Ltd.
August 25, 2021
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Huangshi Grace Electronic Material Technology Co., Ltd. announced a private placement of shares for gross proceeds of CNY 25,000,000 on August 26, 2021. The transaction included participation from returning investor, Grace Fabric Technology Co.,Ltd. The registered capital of the company has increased from 675 million yuan to 700 million yuan. The transaction has been approved in the fifteenth meeting of the second board of directors and the eleventh meeting of the second board of supervisors. The transaction has been reviewed and approved at the fifteenth meeting of the second board of directors and the eleventh meeting of the second board of supervisors.
GRACE FABRIC TECHNOLOGY CO., LTD is a China-based company principally engaged in the research and development, production and sales of medium and high-end electronic grade fiberglass cloth. The Company's main products are medium and high-end electronic grade glass fiber cloth products, mainly including extremely thin electronic grade glass fiber cloth, super thin electronic grade glass fiber cloth and thin electronic grade glass fiber cloth. The Company's products are widely used in high-end smart phones, tablets and notebooks, servers, automotive electronics and other high-tech electronics. The Company mainly distributes its products in the domestic market.
Huangshi Grace Electronic Material Technology Co., Ltd. announced that it expects to receive CNY 25 million in funding from Grace Fabric Technology Co.,Ltd.
GRACE FABRIC TECHNOLOGY CO.,LTD. 
