06
Jan
14:27
Zhejiang Power raises fund for ternary precursor project
Zhejiang Power New Energy (Zhuji) is going through the IPO process in SSE (Shanghai Stock Exchange) STAR (Sci-tech Innovation Board) Market. The main purpose is to raise about CNY 1.51 billion ($236.60m), as stated in the prospectus, for both the construction of a ternary precursor project with an annual output of 40,000 tonnes and the preparation of supplementary working capital.
The estimated fund to be raised for the 40,000t project is CNY 1.26 …
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