Dowstone to raise fund for more new energy material projects

On May 12, Dowstone released its updated private placement proposal, planning to raise no more than RMB1.Asian Metal Copyright05 million and RMB134 million USD19 million respectively.Asian Metal Copyright62 billion (USD228 million) for constructing new energy material projects.Asian Metal Copyright Compared with the proposal announced in February, the May version contains no changes in investment projects but there are slight decreases in investments.Asian Metal Copyright Compared with the proposal announced in February, the May version contains no changes in investment projects but there are slight decreases in investments.

According to the May proposal, upon deduction of issuing costs, the fund to be raised will be used for 30,000tpa power battery cathode material precursor project, 100tpa high-conductivity graphene and 150tpa CNT project, and 5,000tpa cobalt intermediate and 10,000tpa copper cathode project as well as to repay bank loans, with the investment of RMB459 million (USD64.68 million), RMB363 million (USD51.Asian Metal Copyright4 billion USD199 million respectively, and net profit of RMB216 million USD30.Asian Metal Copyright15 million), RMB315 million (USD44.Asian Metal Copyright4 billion USD199 million respectively, and net profit of RMB216 million USD30.Asian Metal Copyright39 million) and RMB483 million (USD68.Asian Metal Copyright According to the May proposal, upon deduction of issuing costs, the fund to be raised will be used for 30,000tpa power battery cathode material precursor project, 100tpa high-conductivity graphene and 150tpa CNT project, and 5,000tpa cobalt intermediate and 10,000tpa copper cathode project as well as to repay bank loans, with the investment of RMB459 million USD64.Asian Metal Copyright06 million) respectively.

According to feasibility studies of the first three projects above, they are expected to reach an annual operation revenue of RMB2.735 billion (USD385 million), RMB147 million (USD20.Asian Metal Copyright According to the May proposal, upon deduction of issuing costs, the fund to be raised will be used for 30,000tpa power battery cathode material precursor project, 100tpa high-conductivity graphene and 150tpa CNT project, and 5,000tpa cobalt intermediate and 10,000tpa copper cathode project as well as to repay bank loans, with the investment of RMB459 million USD64.Asian Metal Copyright71 million) and RMB1.Asian Metal Copyright According to feasibility studies of the first three projects above, they are expected to reach an annual operation revenue of RMB2.Asian Metal Copyright4 billion (USD199 million) respectively, and net profit of RMB216 million (USD30.Asian Metal CopyrightOn May 12, Dowstone released its updated private placement proposal, planning to raise no more than RMB1.Asian Metal Copyright44 million), RMB50 million (USD7.Asian Metal Copyright15 million, RMB315 million USD44.Asian Metal Copyright05 million) and RMB134 million (USD19 million) respectively.
.Asian Metal CopyrightOn May 12, Dowstone released its updated private placement proposal, planning to raise no more than RMB1Asian Metal Copyright