Shunbo Alloy Jiangsu Co., Ltd. announced that it expects to receive CNY 80 million in funding from Chongqing Shunbo Aluminum Co.,Ltd., Yongkang Huaya Industry and Trade Co., Ltd.
September 24, 2020
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Shunbo Alloy Jiangsu Co., Ltd. announced that it will receive CNY 80 million in a round of funding on September 25, 2020. The transaction will include participation from returning investor Chongqing Shunbo Aluminum Co.,Ltd. (SZSE:002996) will subscribe for registered capital of CNY 48.24 million including CNY 30.15 million for capital reserve and Yongkang Huaya Industry and Trade Co., Ltd. will subscribe for registered capital of CNY 31.76 million including CNY 19.85 million for capital reserve. The company's registered capital is CNY 165 million. The transaction has been approved by the 9th meeting of the 3rd directorate of the investor.
Chongqing Shunbo Aluminum Co Ltd is a company engaged in production and sales of secondary aluminum alloy ingots. The Company's main product is aluminum alloy ingots, and its grades include aluminum-alloy die castings (ADC12), AC4B and A380. The ADC12 is a die-cast aluminum alloy, mainly used to produce cylinder head covers and sensor brackets. The AC4B is used to manufacture thin-walled castings. The A380 is used to manufacture chassis, engine mounts, gearboxes and generators. The Company is also engaged in entrusted processing of aluminum alloy ingots business. The Company's products are used to produce die-cast aluminum alloy and cast aluminum alloy products, covering automobiles, motorcycles, mechanical equipment and communication equipment fields.
Shunbo Alloy Jiangsu Co., Ltd. announced that it expects to receive CNY 80 million in funding from Chongqing Shunbo Aluminum Co.,Ltd., Yongkang Huaya Industry and Trade Co., Ltd.
CHONGQING SHUNBO ALUMINUM CO.,LTD. 
