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Raised 500 million yuan!

 Last Update: 2022-08-29
 Source: Internet
 Author: User

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Recently, Huayang New Materials announced that the total amount of funds raised by the proposed non-public offering of shares will not exceed 550 million yuan.
After deducting the issuance costs, it will all be used for the 60,000-ton/year PBAT project of new materials and the 20,000-ton/year biodegradable modification.
Materials and plastic products projects, 20,000 tons/year full range of biodegradable new material projects

In the first half of this year, Huayang New Materials has acquired 100% equity of Shanxi Huayang Biodegradable New Materials Co.
, Ltd.
to lay out the biodegradable new material industry and expand the strategic space for transformation and development

In the first half of this year, Huayang New Materials has acquired 100% equity of Shanxi Huayang Biodegradable New Materials Co.

It is understood that after the completion of this fundraising project of Huayang New Materials, the company will have the ability to produce PBAT to downstream modified blown film masterbatch, sheet and plastic products

At present, Huayang New Materials has three main businesses, namely precious metal recycling and processing, electricity distribution and sales management, and trade business

At present, Huayang New Materials has three main businesses, namely precious metal recycling and processing, electricity distribution and sales management, and trade business
.
Among them, precious metal recycling and processing includes platinum mesh processing and precious metal-containing material disposal, and the business model is production and processing
.
Process products according to customer orders, and at the same time recycle products for reprocessing to provide enterprises with technical and other services
.

Huayang New Materials said that through the implementation of this fundraising project, the company will add a new biodegradable material business.
On the basis of the existing precious metal recycling and processing business, it will take another solid step in the field of new materials.
Positioning becomes clearer
.
After this issuance and the implementation of the fundraising investment project, Huayang New Materials will become one of the important biodegradable plastic production bases in Shanxi Province, and is expected to establish a market leading position in the field of biodegradable new materials in Shanxi Province.
Enrich and expand the company's industrial structure, enhance the company's core competitiveness and operational risk resistance, capital strength and profitability will also be improved
.

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