Useon recently announced its private placement plan, marking another significant development following the successful relocation to its new factory on October 29. According to the plan, Useon intends to issue up to 3.59 million shares to the Industrial Machine Tool Industry Investment Fund (Limited Partnership), raising no more than RMB 69.8255 million, with a subscription price set at RMB 19.45 per share.
The Industrial Machine Tool Industry Investment Fund was established in 2022, driven by the Ministry of Industry and Information Technology (MIIT) and the Ministry of Finance. It focuses on supporting the high-quality development of the entire industrial mother machine supply chain and is one of the “3+1” funds managed by the MIIT.
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With the new factory now operational and the private placement plan launched, Useon will further enhance its technology research and development and production capabilities while accelerating its domestic and international market expansion. The company will continue to drive the sustainable development of the plastic machinery industry through technological innovation and provide more efficient and environmentally friendly solutions to the global plastic industry.
Useon firmly believes that, with the funds raised and the full operation of the new factory, it will continue to lead the industry, collaborating with global customers and partners to jointly promote the green transformation and high-quality development of the plastic machinery industry.