Putailai to raise investment in Liyang Zichen
2019-12-31 17:59:31 [Print]
Putailai announced n December 29th that it will raise investment in its wholly-owned subsidiary, Liyang Zichen, by RMB70 million (USD10.04 million) by cash. The registered capital of Liyang Zichen will increase from RMB200 million (USD28.69 million) to RMB270 million (USD38.73 million) after the investment is raised.
Putailai noted that the investment increase will help it accelerate the building of production capacities of Liyang Zichen, adding that it can meet the demand for anode material products in the market after relative production capacities are put into operation. According to Putalai, the increase of its production capacities will enable it to realize scale revenues, improve profitability, take the opportunities brought by rapidly developing lithium-ion battery industry and increase market shares.
Putailai noted that the investment increase will help it accelerate the building of production capacities of Liyang Zichen, adding that it can meet the demand for anode material products in the market after relative production capacities are put into operation. According to Putalai, the increase of its production capacities will enable it to realize scale revenues, improve profitability, take the opportunities brought by rapidly developing lithium-ion battery industry and increase market shares.
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