On May 18, Zhejiang Kefeng Silicone Co., Ltd said that the company intends to raise the fund of RMB 390 million from the IPO, of which the fund of RMB 290 million is to be invested in the 23 kt/a silicone deep-processing project, and the remaining RMB 100 million is used as the working capital. The proposed project is involved in a 6 kt/a allyl group glycidyl ether unit, a 2 kt/a end-allyl group end-epoxy polyoxyethylene polyoxypropylene ether unit, an 1 kt/a epoxy double heads unit, a 10 kt/a block silicone fluid unit, a 2 kt/a γ-(2,3-epoxypropyl) propylmethyldimethoxysilane unit, an 1 kt/a tri-(trimethylsilyl) borate unit and an 1 kt/a (trimethylsilyl) phosphate device.