News from Futu News on December 31, this Friday $JLMAG (06680.HK)$An announcement was announced that it will issue approximately 0.125 billion shares from December 31, 2021 to January 7, 2022. The company plans to issue approximately 0.125 billion shares, including a public sale of 12.5468 million shares and an international sale of approximately 0.113 billion shares, with an issue price of HK$33.8-40.3 and 200 shares per lot. It is expected to be listed on January 14, 2022.
The company is a leading manufacturer of high-performance rare earth permanent magnet materials. According to Frost & Sullivan, the company's market share in production of high-performance rare earth permanent magnet materials in 2020 was about 14.5%, ranking first in the world. According to Frost & Sullivan, in 2020, the company used grain boundary penetration (“grain boundary penetration”) technology to produce 4,111 tons of high-performance rare earth permanent magnet materials, ranking first in the world in the crystal boundary penetrating rare earth permanent magnet material market, accounting for about 21.3% of the market share.
The company was listed on the New Third Board from December 2015 to January 2018, and its A shares $Jl Mag Rare-Earth (300748.SZ)$Listed on the Shenzhen Stock Exchange GEM since September 2018.
Since its establishment, the company has been focusing on R&D, production and sales of high-performance NdFeB rare earth permanent magnetic materials (“NdFeB permanent magnetic materials”) for global new energy, energy saving and environmental protection. The company's products are widely used in new energy vehicles (“...