One more listed company in China's rubber chemical industry

On August 4, Jiangxi Chenguang New Materials Co., Ltd. (stock code: 605399) was listed on the Shanghai Stock Exchange.

Chenguang New Materials publicly issued 46 million shares. After deducting the issuance costs, the raised funds will be invested in the 65,000 tons of organic silicon new material technological transformation and expansion project, functional silane development and application R&D center construction project, and supplements of working capital. The total funds are RMB 560.1327 million yuan.

Chenguang New Materials was established in September 2006, located in Hukou County, Jiujiang City. As a leader in organosilane coupling agents integrating scientific research, production, and operation, its products are widely used in new energy, aerospace, rubber, and engineering plastics, textile, automobile, electronics, and other industries.