Anhui Wanwei Updated High-Tech Material Industry (600063.SH) plans to raise no more than 2.3 billion yuan through a private placement to its controlling shareholder.
Wanhui High-tech (600063.SH) has disclosed a plan for a private placement of A-share stocks, with the issuer being the company's controlling shareholder, Wanhui Group, which will subscribe to all shares issued in this placement with cash. The total amount of funds raised from this issuance will not exceed 2.3 billion yuan (including this figure), and the net proceeds will be fully allocated to: a 200,000 tons/year ethylene-based functional polyvinyl alcohol resin project and a project for producing 30 million square meters of PVA optical film for high-generation panels annually.
Anhui Wanwei Updated High-Tech Material Industry (600063.SH) announced a proposal to issue A-shares to specific targets, with the subscriber being the company's controlling shareholder, Wanwei Group, which will subscribe to all the shares issued in this round for cash. The total amount of funds raised in this issuance does not exceed 2.3 billion yuan (including the amount), and the net proceeds will be used entirely for: a 200,000 tons per year ethylene-based functional polyvinyl alcohol (PVA) resin project and a 30 million square meters per year high-generation panel PVA optical film project.
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