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Fundraising purpose, source: prospectus

Posted: Sun Feb 16, 2025 3:50 am
by Rina7RS
At present, the concentration of daily plastic manufacturing industry such as plastic tableware is low, and the entry threshold of low-end products is low. Except for some enterprises with outstanding scale and strength, most enterprises are small in scale, and family workshop-style enterprises are still common. Enterprises mainly compete for market share on price, which has caused certain adverse effects on the development of the industry.

After the funds raised from this issuance by Fuling Co., Ltd. are in place, they will be mainly used for technical transformation projects with an annual output of 20,000 tons of recyclable plastic products, 20,000 tons of biodegradable plastic products, R&D center upgrade projects and to supplement working capital.


A 150 billion giant split out an IPO, with Ideal and Xiaomi bosnia and herzegovina telegram data as customers
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In recent years, many A-share listed companies have planned to spin off their subsidiaries for listing.


Among them, in 2024, Nanshan Aluminum, Noli Group, China Merchants Energy Shipping, Wolong Electric Drive, Shuanghuan Transmission and other companies will announce the progress of listing of their spin-off subsidiaries a detailed list of IPO spin-offs is attached at the end of the article .