Tongwei to raise RMB16 billion for high-purity crystalline silicon projects

Tongwei announced on April 24 that it plans to raise RMB16 billion (USD2.Asian Metal Copyright .Asian Metal Copyright32 billion) in a private placement, of which RMB9.Asian Metal Copyright .Asian Metal Copyright4 billion (USD1.Asian Metal Copyright46 billion.Asian Metal Copyright36 billion) and RMB6.Asian Metal CopyrightTongwei announced on April 24 that it plans to raise RMB16 billion USD2.Asian Metal Copyright6 billion (USD0.Asian Metal Copyright1 billion USD1.Asian Metal Copyright96 billion) will be used to advance its 200,000tpy high-purity crystalline silicon project in Inner Mongolia and 200,000tpy high-purity crystalline silicon project in Yunnan.Asian Metal Copyright36 billion and RMB6.Asian Metal Copyright Total investment for the two project is both around RMB10.Asian Metal Copyright4 billion USD1.Asian Metal Copyright1 billion (USD1.Asian Metal Copyright1 billion USD1.Asian Metal Copyright46 billion).Asian Metal Copyright6 billion USD0.Asian Metal Copyright The company expects to further expand its high-purity crystalline silicon capacity through the fund raising.

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