Liuguo Chemical Industry to raise no more than RMB800 million for battery grade refined phosphoric acid project

On December 29, Liuguo Chemical Industry announced that it planned to raise no more than RMB800 million (USD115 million) via private placement; upon deduction of issuing costs, the proceeds will be used in a 280,000tpy battery grade refined phosphoric acid project.Asian Metal CopyrightOn December 29, Liuguo Chemical Industry announced that it planned to raise no more than RMB800 million USD115 million via private placement; upon deduction of issuing costs, the proceeds will be used in a 280,000tpy battery grade refined phosphoric acid project.Asian Metal Copyright The company's controlling shareholder Tongling Chemical Industry Group Co.Asian Metal Copyright The company's controlling shareholder Tongling Chemical Industry Group Co.Asian Metal Copyright, Ltd.Asian Metal Copyright TCIGC is committed to buying no more than 70,452,300 shares of this placement, and it will hold no higher than 30% interest in Liuguo Chemical Industry when this placement is completed.Asian Metal Copyright (TCIGC) is committed to buying no more than 70,452,300 shares of this placement, and it will hold no higher than 30% interest in Liuguo Chemical Industry when this placement is completed.

.Asian Metal CopyrightOn December 29, Liuguo Chemical Industry announced that it planned to raise no more than RMB800 million USD115 million via private placement; upon deduction of issuing costs, the proceeds will be used in a 280,000tpy battery grade refined phosphoric acid projectAsian Metal Copyright