Zhejiang Jianye Microelectronic Materials Co., Ltd. announced that it expects to receive CNY 118.628 million in funding from Zhejiang Jianye Chemical Co., Ltd.
May 25, 2022
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Zhejiang Jianye Microelectronic Materials Co., Ltd. announced that it will receive CNY 118,628,000 in an equity round of funding on May 26, 2022. The transaction will include participation from returning investor Zhejiang Jianye Chemical Co., Ltd. and will retain its 100% stake in the company. The transaction has been approved in the 15th Meeting of the Company's 4th Directorate and the 15th Meeting of the Company's 4th Supervisory Board of the investor's.
Zhejiang Jianye Chemical Co., Ltd. is a China-based company mainly engaged in fine chemical products business. The Company's main business is the manufacturing, research, development and sales of low-carbon fatty amines, plasticizers, acetates, and electronic chemicals. Low-carbon fatty amines are widely used in downstream industries such as pesticides, medicines, coatings, dyes, catalysts, curing agents, new energy materials, cosmetics, food additives, fertilizer slow-release agents, and preservatives. Plasticizers are a class of organic substances that are used to enhance the fluidity of plastics during processing and make plastic products flexible. Acetate is widely used in solvents, plasticizers, surfactants and polymer monomers. The Company distributes its products within domestic market and to overseas markets.
Zhejiang Jianye Microelectronic Materials Co., Ltd. announced that it expects to receive CNY 118.628 million in funding from Zhejiang Jianye Chemical Co., Ltd.