Hengtong Holding to raise funds for high-end copper foil industrial park

Hengtong Holding unveiled a plan on August 13 to raise up to RMB3.Asian Metal Copyright The subsidiary Hengtong Precision Copper Foil will execute the project, with construction set to take place at Xueshan Road, Bajiaojing Subdistrict, Deyang Economic and Technological Development Zone, Sichuan Province.Asian Metal Copyright6 billion (USD533.Asian Metal Copyright6 billion USD533.Asian Metal Copyright82 million) through a private placement, aiming to finance a high-end copper foil industrial park project targeting green energy and electronic circuitry applications, alongside replenishing its working capital.

The total investment for the project is estimated at RMB3.302 billion (USD489.Asian Metal Copyright302 billion USD489.Asian Metal Copyright63 million), of which RMB2.Asian Metal Copyright Once fully operational, the new facility is projected to add production capacities of 40,000tpy of lithium battery copper foil and 10,000tpy of electronic circuit copper foil.Asian Metal Copyright7 billion (USD400.Asian Metal Copyright302 billion USD489.Asian Metal Copyright37 million) is expected to come from the share placement.Asian Metal Copyright Once fully operational, the new facility is projected to add production capacities of 40,000tpy of lithium battery copper foil and 10,000tpy of electronic circuit copper foil.Asian Metal Copyright The subsidiary Hengtong Precision Copper Foil will execute the project, with construction set to take place at Xueshan Road, Bajiaojing Subdistrict, Deyang Economic and Technological Development Zone, Sichuan Province.

Once fully operational, the new facility is projected to add production capacities of 40,000tpy of lithium battery copper foil and 10,000tpy of electronic circuit copper foil.

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