888CHEM
Chengfeng New Materials, a manufacturer of polyurethane soft foam, has had its IPO application accepted by the Beijing Stock Exchange.
The company primarily engages in the R&D, production, and sales of methodology-driven polyurethane soft foams, with its items broadly applied across numerous sectors, including transportation equipment, high-performance porous materials manufacturing, and everyday consumer goods.
Chengfeng New Materials plans to raise approximately RMB 716 million, which will be allocated to a next-generation high-performance, environmentally friendly polyurethane materials and derivative items project, a polyurethane materials R&D center construction project, and the replenishment of working capital.
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