Energy New Materials to raise RMB5 billion for Li-battery membrane projects
2020-03-24 17:30:18 [Print]
On March 23, Energy New Materials announced its private placement plan, expecting to raise no more than RMB5 billion (USD706 million) from no more than 35 specific investors; upon deduction of issuing costs, the fund to be raised will be used for Li-ion battery membrane stage one expansion project of Jiangxi Tongrui New Energy Technology Development Co
. , Ltd . and stage two expansion project of Wuxi Energy New Materials Industry Base, ans to supplement working capital of the company.