Chinese graphite maker Shandong Hengsheng hits $685m valuation

Chinese graphite maker Shandong Hengsheng hits $685m valuation

Photo by Brian Kostiuk on Unsplash.

Shandong Hengsheng Graphite Technology, a Chinese manufacturer of graphite for applications in sectors like semiconductors and photovoltaics (PVs), has reached a valuation of 5 billion yuan ($685 million) after the completion of its pre-IPO round.

Edited by: Pramod Mathew