Sunstone Development to raise investment in carbon materials project

Sunstone Development has adjusted its implementation plan for an external investment and intends to sign a capital increase agreement with Huayang Group to inject additional funds into its wholly-owned subsidiary, Sunstone Huayang.Asian Metal Copyright The registered capital of Sunstone Huayang is tentatively set at RMB360 million USD53.Asian Metal Copyright The registered capital of Sunstone Huayang is tentatively set at RMB360 million (USD53.Asian Metal Copyright87 million.Asian Metal Copyright15 million), of which the company will contribute RMB305 million (USD45.Asian Metal Copyright87 million.Asian Metal Copyright03 million) in cash, and Huayang Group will contribute RMB54 million (USD7.Asian Metal Copyright Upon completion of the capital increase, the company will hold an 85% stake, while Huayang Group will hold 15%.Asian Metal Copyright97 million).Asian Metal Copyright The registered capital of Sunstone Huayang is tentatively set at RMB360 million USD53.Asian Metal Copyright Upon completion of the capital increase, the company will hold an 85% stake, while Huayang Group will hold 15%.Asian Metal Copyright The registered capital of Sunstone Huayang is tentatively set at RMB360 million USD53.Asian Metal Copyright The investment will be used to build a 200ktpa high-current-density energy-saving carbon materials project with a waste heat power generation facility.Asian Metal Copyright87 million.Asian Metal Copyright The total estimated investment for the project will not exceed RMB 900 million (USD132.Asian Metal Copyright03 million in cash, and Huayang Group will contribute RMB54 million USD7.Asian Metal Copyright87 million).
.Asian Metal Copyright97 millionAsian Metal Copyright