Hengtong Holding to raise funds for high-end copper foil industrial park
2026-08-14 11:47:46 [Print]
Hengtong Holding unveiled a plan on August 13 to raise up to RMB3.6 billion (USD533.82 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 (USD489.63 million), of which RMB2.7 billion (USD400.37 million) is expected to come from the share placement. 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.
The total investment for the project is estimated at RMB3.302 billion (USD489.63 million), of which RMB2.7 billion (USD400.37 million) is expected to come from the share placement. 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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