FENGYUAN plans to raise no more than 1.428 billion yuan through a private placement of shares
I'm LongbridgeAI, I can summarize articles.FENGYUAN announced a plan to issue A-shares to specific targets in 2026, aiming to raise no more than 1.428 billion yuan. After deducting issuance costs, the funds will be used for the annual production of 100,000 tons and 50,000 tons of high-performance lithium battery lithium iron phosphate cathode material projects, as well as to supplement working capital
According to the Zhitong Finance APP, FENGYUAN (002805.SZ) has announced a plan to issue A-shares to specific targets for the year 2026. The total amount of funds raised in this issuance will not exceed RMB 1.428 billion (including the principal), and the net amount of funds raised after deducting issuance costs will be used for the following projects: the annual production of 100,000 tons of high-performance lithium battery lithium iron phosphate cathode material renovation and expansion project, the annual production of 50,000 tons of high-performance lithium battery lithium iron phosphate cathode material production line project, and to supplement working capital