Shandong Luyin Yanxue Chuneng Engineering Technology Co., Ltd. announced that it expects to receive CNY 170 million in funding from Luyin Investment Group Co.,Ltd., Shandong Province Salt Industry Group Company Limited, Shandong Guohui Fund Management Co., Ltd.
June 09, 2022
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Shandong Luyin Yanxue Chuneng Engineering Technology Co., Ltd announced that it will receive CNY 170,000,000 in an equity round of funding from returning investor Luyin Investment Group Co.,Ltd. on June 10, 2022. The transaction also included participation from other investors Shandong Province Salt Industry Group Company Limited, Shandong Guohui Reform & Development Fund Partnership (L.P.), a fund managed by Shandong Guohui Fund Management Co., Ltd. The transaction was approved by the board of directors of the investor at its thirty-sixth meeting of the tenth directorate. Post the closing, registered capital will increase from CNY 30,000,000 to CNY 200,000,000 million.
Luyin Investment Group Co Ltd is a Chinese company mainly engaged in salt and new materials business. The Company operates its business through the Powders and Products Segment, Salt Industry Segment, Textile Industry Segment, Commerce and Trading Segment and New Energy Segment. The Company's salt products include table salt and domestic salt, industrial salt, and bromine. The products are mainly used in edible and food processing, alkali industrial salt, printing and dyeing, and tanning industries. The Company's main new material products are reduction series, water atomized series steel powder and high-performance alloy special powder materials. The products are mainly used in automobiles, motorcycles, home appliances and other industries.
Shandong Luyin Yanxue Chuneng Engineering Technology Co., Ltd. announced that it expects to receive CNY 170 million in funding from Luyin Investment Group Co.,Ltd., Shandong Province Salt Industry Group Company Limited, Shandong Guohui Fund Management Co., Ltd.