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Lianhe Chemical to collect USD187.6 million for capacity expansion
Aug. 9, 2016
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China“In reality, the pre-proposal was approved by shareholders’ meeting in November 2015,” stated Lianhe Chemical, “However, in consideration of the market conditions, the economic environment and our needs in business operation, we plan to decrease the shares to be issued and the supplement to working capital.”
Table 1: Lianhe Chemical’s investment plan based on to-be-raised fund, 4 July, 2016
|
No.
|
Project
|
Fund to be raised,
million USD
|
Investment,
million USD
|
Company for construction
|
|
1
|
445 t/a pharmaceutical
intermediate project
|
83.8
|
87.1
|
Lianhe Chemical
(Taizhou) Co., Ltd.
|
|
2
|
1,000 t/a LH-1 technological
reconstruction project
|
44.9
|
45.0
|
Lianhe Chemical
(Yancheng) Co., Ltd.
|
|
3
|
9,000 t/a ammoxidation
series technological
reconstruction project
|
23.9
|
26.9
|
|
|
4
|
Supplement to working capital
|
-
|
The rest
|
-
|
Source: Lianhe Chemical
Source: Think Real
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