Sunstone signs capital increase agreement to boost prebaked anode capacity

Sunstone has received board approval to sign a capital increase agreement with Geely Material to inject a total of RMB290 million (USD40.Asian Metal Copyright7 billion USD238 million.Asian Metal Copyright65 million) to Tiandong Baikuang Santian Carbon Co.Asian Metal CopyrightSunstone has received board approval to sign a capital increase agreement with Geely Material to inject a total of RMB290 million USD40.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, which will be 66% owned by Sunstone and 34% owned by Geely Material upon completion of the capital increase.Asian Metal Copyright The new investment will be used for the 600,000tpa prebaked anode project located in Baise, Guangxi, with an estimated total investment of RMB1.Asian Metal Copyright The new investment will be used for the 600,000tpa prebaked anode project located in Baise, Guangxi, with an estimated total investment of RMB1.Asian Metal Copyright When fully operational, the project is expected to meet demand for prebaked anode from aluminum smelters in Baise and other regions of Guangxi.Asian Metal Copyright7 billion (USD238 million).Asian Metal CopyrightSunstone has received board approval to sign a capital increase agreement with Geely Material to inject a total of RMB290 million USD40.Asian Metal Copyright When fully operational, the project is expected to meet demand for prebaked anode from aluminum smelters in Baise and other regions of Guangxi.Asian Metal Copyright When fully operational, the project is expected to meet demand for prebaked anode from aluminum smelters in Baise and other regions of Guangxi.Asian Metal Copyright At the same time, Sunstone expects to further boost overseas market share by exporting more prebaked anode through coastal port in Guangxi.

.Asian Metal Copyright7 billion USD238 millionAsian Metal Copyright