Benlang material pre-disclosure prospectus is scheduled to issue 16.67 million shares

On the evening of June 21, the China Securities Regulatory Commission pre-disclosed the prospectus (declaration draft) of the GEM of Guangdong Penang New Materials Co., Ltd. Benlang Materials intends to issue 16.67 million shares, with a total share capital of 66.67 million shares after the issuance, which is intended to be listed on the GEM of the Shenzhen Stock Exchange. The company's main business is the development, production and sales of super-hard materials. The main products are metal bond diamond tools, resin bond diamond tools, and diamond binders. The main application areas of the products are the processing of architectural ceramics. Some of the products cover the processing of hard and brittle materials such as stone and reinforced concrete, as well as the processing of precision parts such as automobile engines and air-conditioning compressors. After more than ten years of development, it has rapidly grown into a well-known enterprise in China's super-hard materials industry, especially in the segmentation market of building ceramic processing tools.

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