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The Water Plus Special Engineering Plastics Project plans to raise no more than 430 million yuan through a non-public offering of shares

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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Shenzhen Water New Materials Co.
, Ltd.
(hereinafter referred to as "Water Shares") released the 2020 non-public issuance plan of A shares on the evening of January 2

The company plans to raise a total of no more than 430 million yuan through non-public issuance of shares.
After deducting the issuance costs, it plans to invest in the special engineering plastic polyamide 10,000 tons/year and the special engineering plastic polysulfone 10,000 tons/year project (Phase I and II).
) and supplementary liquidity

Among them, the special engineering plastic polyamide 10,000 tons/year and the special engineering plastic polysulfone 10,000 tons/year project (Phase I and II) are planned to invest about 301 million yuan in raised funds

The announcement shows that the existing liquid crystal polymer materials and lightweight polymer materials have been recognized by customers in the electronic communication, automotive and automotive electronics industries and have been used in batches

According to its existing material supplier system, customers have clear material requirements for the company's high-performance polyamide and polysulfone materials

The company stated that with the expansion of the company's business scale, the implementation of raised investment projects and the increase in investment projects, the company's demand for working capital is also increasing

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