Print-Rite New Materials Ceases GEM Listing Application

Print-Rite New Materials Ceases GEM Listing Application

Upon requests from Print-Rite New Materials and its sponsor, Shenzhen stock exchange has determined to cease to review Print-Rite New Materials’ application for Growth Enterprise Market (GEM) listing and share issuances.

According to baijiahao.baidu.com/, Print-Rite filed a withdrawal application to Shenzhen stock exchange on December 30, 2021. On the same day, its sponsor Dongguan Stock Co. Ltd. also applied to Shenzhen stock exchange to cease Print-Rite New Materials’ GEM listing and share issuance application.

It is reported that Print-Rite New Materials planned to publicly issue a number of no more than 19.35 million shares, accounting for no less than 25% of equity after issuance. Print-Rite originally planned to raise 305 million RMB (US$47.8 million) of funds for use in its water-based digital printing functional materials construction projects, energy-curing digital printing functional materials construction projects, and R&D center construction projects respectively.

Print-Rite New Materials focuses on the R&D, production and sales of functional materials for digital printing. The company’s product range covers all the main digital printing inks, including dispersing ink, UV ink, water-based ink and reactive ink, as well as other types of digital printing ink products.

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• Print-Rite Launches Upgraded Website
• Print-Rite Releases New Compatible Chips for Kyocera Printers
• Print-Rite Releases Compatible Chips
• Print-Rite Releases Compatible Solution for Canon Printers
• Print-Rite Releases New IP Safe Compatible Toner Cartridges

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