Texxon (NPT), a provider of supply chain management services in the plastics and chemical industries in East China, priced its initial public offering of 1.9M ordinary shares at a public offering price of $5.00 per ordinary share. The net proceeds from the offering will be used for construction of a factory to manufacture polystyrene, including production lines, storage facilities, and supporting infrastructure, located in Henan Province, China, and operations and the expansion of production facilities at the Henan Polystyrene Factory; updating supply chain management platform; and working capital. D. Boral Capital is acting as the sole book-running manager for the offering.
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