Yunnan Tin Group's private placement approved
2017-07-04 17:35:30 [Print]
Yunnan Tin Group (“the company”) announced that it has received the Official Approval of Private Placement by Yunnan Tin Co., Ltd. (“the approval”) issued by China Securities Regulatory Commission. According to the approval, the company is permitted to make a private placement of no more than 253,164,556 shares.
According to the issue plan of the private placement, the company plans to issue no more than 253 million shares and raise no more than RMB2.4 billion for improving and expanding the company's main business. The raised fund will be used for investing the Smelting Technology Upgrading Project of 100,000tpy of zinc and 60tpy of indium in Wenshan, Yunnan and the Multi-metal Concentration Plant Engineering Project of 2,000tpd at the demonstration district for dressing test in Gejiu, Yunnan, etc.
Specifically, 90% of the raised fund will be used for investing the Smelting Technology Upgrading Project of 100,000tpy of zinc and 60tpy of indium. The project expects to see its ore self-sufficiency rate reach 100% after finishing construction.
According to the issue plan of the private placement, the company plans to issue no more than 253 million shares and raise no more than RMB2.4 billion for improving and expanding the company's main business. The raised fund will be used for investing the Smelting Technology Upgrading Project of 100,000tpy of zinc and 60tpy of indium in Wenshan, Yunnan and the Multi-metal Concentration Plant Engineering Project of 2,000tpd at the demonstration district for dressing test in Gejiu, Yunnan, etc.
Specifically, 90% of the raised fund will be used for investing the Smelting Technology Upgrading Project of 100,000tpy of zinc and 60tpy of indium. The project expects to see its ore self-sufficiency rate reach 100% after finishing construction.
Zinc Ingot 99.995%min In warehouse Tianjin
Unit:RMB/mt
China die-casting zinc alloy producers' sales to production ratio statistics by province by month
Unit: %
