- Jushi issued 261 million shares on the Shanghai Stock Exchange.
- The focus is on expanding glass fiber production and R&D centers.
- Future collaboration will target carbon fiber and clean energy applications.
Jushi's Shanghai Listing
Zhejiang Jushi New Material Co., Ltd. has successfully listed on the Shanghai Stock Exchange's main board. The company issued 261 million shares, aiming to enhance its production capacity and innovation capabilities in glass fiber products and composite materials.
Strategic Investment by Sinopec Capital
Sinopec Capital participated as a strategic placement investor in this issuance. This investment marks a significant step in Sinopec's strategy to expand its presence in the new materials industry chain.
Focus on Clean Energy
Jushi is a national high-tech enterprise specializing in fiber-reinforced materials for the clean energy sector. The company holds a leading global position in wind power materials, serving a worldwide customer base.
Future Collaboration
Both Jushi and Sinopec Capital plan to deepen their collaboration in carbon fiber materials. They aim to integrate their resources and technologies to expand applications in clean energy and new energy vehicles, driving coordinated industry chain development.
