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New material company Jushi Chemical plans to raise about 490 million yuan in subscription today

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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On January 13, Polypec entered the stage of IPO subscription on the Science and Technology Innovation Board.
The company's initial public offering did not exceed 23,333,334 shares, and the issue price was 36.
65 yuan per share

According to the data, Jushi Chemical was established in 2007 and is headquartered in Qingyuan City, Guangdong Province.
Its main business is the research and development, production and sales of flame retardants, modified plastic particles and products.
The main products include halogen-free flame retardants, modified Plastic particles and products

According to the data, Jushi Chemical was established in 2007 and is headquartered in Qingyuan City, Guangdong Province.

Since its establishment, Jushi Chemical has adhered to the concept of science and technology creating value, guided by the national new material industry policy, continued to increase R&D investment, and created a product system with high-tech added value

This issuance and listing is a major historic leap for Polypec
.

The data shows that from 2017 to 2019, the operating income of Jushi Chemical was 880 million yuan, 1.

In 2020, in the face of the impact of the new crown pneumonia epidemic, Polypec will still maintain a relatively high growth rate
.

In addition, all the funds raised from this issuance will be used for projects related to the main business of Jushi Chemical and the working capital required for the development of the main business, of which RMB 348 million will be invested in the expansion project of modified plastics with an annual output of 40,000 tons, and RMB 40.
2171 million will be invested.
It is used for the expansion construction project of halogen-free flame retardants, 52.
655 million yuan is used for the R&D center construction project, and 50 million yuan is used to supplement working capital
.
With the continuous development of modified plastics technology and modified equipment, the proportion of modified plastics in the field of plastics processing is gradually expanding, and has been widely used in lighting, electronic appliances, automobiles, cables, medical and health and other fields
.

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