SHINING 3D as the first listed OTCBB Chinese company in 3D digitizing and 3D printing industry, has recently announced plans to raise around USD 70 million in funds to put more effort on company merger and acquisition, so as to speed up ecosystem of 3d digitizing and 3d printing technology planning.
Shining 3D has been applying itself to 3D digitizing and 3D printing technology for years, providing machinery and service in such sectors as industrial manufacturing, bio-medical, cultural creation and education. Shining 3D was founded in 2004 and successfully became listed in OTC stock market on August 8, 2014. Shining3D’s headquarter is based in Hangzhou and it has branches offices in Shanghai, Beijing, Nanjing, Guangzhou, Chengdu, etc.
Company merger and acquisition, stated by SHINING 3D TECH, will speed up company’s development of 3d digitizing and 3d printing technology, accumulation of talents, resources, and improve their product lines, so as to build up ecosystem of 3d digitizing and 3d printing, which will help R&D of basic, original technology, and enhance its market competitiveness.
In the meantime, SHINING 3D announced plans to spend around USD 2,400,000 to set up a wholly-owned subsidiary in the USA. This company will be mainly for R&D, sales of 3d scanners and printers, committing to track the international forefront technology, seeking international advanced technology partners and company merger and acquisition, and it will act as an international sales platform for SHINING 3D products, and sourcing platform for company’s key core components.