CHELIC(BVI) GROUP announced that it expects to receive CNY 20 million in funding from TAIWAN CHELIC Co., Ltd.

Taiwan Chelic Co Ltd is a Taiwan-based company principally engaged in the manufacture and sales of pneumatic control components, pneumatically actuated originals, air source processing components and pneumatic auxiliary components. The Company's main products include cylinders, mechanical clamps, valve components, connectors and vacuum-type auxiliary components, as well as air source processing components. The Company distributes its products in domestic market and to overseas markets.