LED materials company Suzhou Betley's IPO has been accepted

On June 24, according to the Shenzhen Stock Exchange, Suzhou Better Polymer Materials Co., Ltd. (referred to as: Better) Shenzhen Stock Exchange GEM IPO has been accepted. Guosen Securities is its sponsor. The company plans to raise 792.66 million yuan.


Picture source: Betley
The raised funds will be used for the third phase project with an annual output of 500 tons of special conductive materials, about 210 million yuan of raised funds are planned to be invested; about 299 million yuan of raised funds are planned to be invested in the Dongguan Betley New Materials Co., Ltd. project; about 183 million yuan of raised funds are planned to be invested in the Wuxi R&D and Marketing Center construction project; 100 million yuan of raised funds are planned to be invested to supplement working capital.
According to data, Betley's main business is the research and development, production and sales of electronic materials and new chemical materials. Its products cover three major sectors: conductive materials, organic silicon materials and coating materials. The company's products are widely used in photovoltaics, 3C electronics, silicone deep processing, LED packaging, medical care, new energy vehicles and other fields.

Among them, in the field of LED packaging, Betley mainly provides high refractive index packaging silica gel, COB packaging silica gel, and filament sealing. Install silicone, anti-thinning primer and other materials.
At present, Betley's main customers in the field of LED packaging include well-known LED companies such as Mulinsen and Zhaochi.