Luoyang Northglass Technology Co., Ltd starting application will be verified on Mar.19

On March 15, China's Securities Regulatory Commission claimed that it decided to hold the 47th work conferece on March 19, 2020. At the meeting, China's Securities Regulatory Commission will verify the two companies' starting application--Beijing Starlight Video Equipment Technology Co., Ltd. and Luoyang Northglass Technology Co., Ltd.

Luoyang Northglass Technology Co., Ltd planned to issue 6700 million shares in Shen Zhen Stock Exchange, accumulating to 267 billion shares.

Luoyang Northglass Technology Co.,Ltd ,founded by board chairman Gao Xueming on May 18, 1995 in Luoyang Hi-Tech  Development Zone, is mainly engaged in the research and development of glass  post processing technologies and equipments featuring glass tempering  technology. With approval from Henan provincial government, it was converted into a company limited by shares on May 18, 2000. The largest shareholder Gao Xueming offered shares as incentive to senior management and technical cadres, a total of 27 management and technical backbones and staff representatives currently make up the Board of Directors, Board of Supervisors and business organization, with a labor union and a Party branch already established. The company, whose registered capital is RMB200 million with net assets of RMB300 million, now has more than 1,500 employees, of whom over 25% are specialized technical personnel. The company covers more than 400 mu, with factory building area of approx. 120, 000m2.

The funds will be used in the technology renovation project of SM-NG-X energy-saving glass tempering machine team and NGC-X Low-E coated glass machine team. It is estimated that the total investment will reach 597 million RMB.