Chizhou Jushi Chemical Co., Ltd. announced that it expects to receive CNY 160 million in funding from Polyrocks Chemical Co., Ltd
June 27, 2021
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Chizhou Jushi Chemical Co., Ltd. announced that it will receive CNY 160,000,000 in a round of funding on June 28, 2021. The transaction will include participation from Polyrocks Chemical Co., Ltd (SHSE:688669). As part of the transaction, the investor will holds 100% of its equity. On the same day, the investor held the 24th meeting of the fifth board of directors and the 13th Meeting of the fifth board of supervisors.
Polyrocks Chemical Co Ltd is a China-based company principally engaged in the research and development, production and sales of flame retardants, modified plastic particles and products. The Company's main products include halogen-free flame retardants, modified plastic particles and products. Among them, halogen-free flame retardants are mainly used in the production of flame-retardant plastics and flame-retardant coatings; modified plastic particles and products are mainly used in holiday lighting, electronics, wires and cables, automobiles, liquid crystal televisions and medical and health fields. The Company distributes its products both in the domestic market and to overseas markets