Anhui Longci Technology formally listed in SZSE
2020-05-25 15:59:58 [Print]
On 25 May, Anhui Longci Technology Co., Ltd. was formally listed in Shenzhen Stock Exchange (SZSE).
In terms of fundraising purpose, Longci Technology will invest the funds in the "8,000-ton-per-annum high-performance ferrite magnet wet pressing magnetic tiles project" and use the funds as working capital after deducting the issuing expenses. The company plans to invest RMB284 million (USD39.79 million) in total in the project, RMB2.79 million (USD39.09 million) of which is raised. The project, with Longci Technology's subsidiary Jiangjun Magnetic Industry as the executor, will focus on SM-9 and above series of high-performance wet pressing magnetic tiles.
In terms of fundraising purpose, Longci Technology will invest the funds in the "8,000-ton-per-annum high-performance ferrite magnet wet pressing magnetic tiles project" and use the funds as working capital after deducting the issuing expenses. The company plans to invest RMB284 million (USD39.79 million) in total in the project, RMB2.79 million (USD39.09 million) of which is raised. The project, with Longci Technology's subsidiary Jiangjun Magnetic Industry as the executor, will focus on SM-9 and above series of high-performance wet pressing magnetic tiles.
