On April 3, Lianhong New Materials Technology Co., Ltd.(hereinafter referred to as "Lianhong New Technology") issued a prospectus (application draft) for issuing A shares to specific targets. The announcement stated that the issuance of shares to specific objects will not exceed 267113600 shares (including the number of shares), and the total amount of funds raised is expected to not exceed 2.02 billion yuan (including the number of shares). The net amount of funds raised after deducting issuance expenses is planned to be invested in new energy materials and biodegradable materials integration project.
The main products produced in this fundraising project: ethylene-vinyl acetate copolymer (EVA), polypropylene carbonate (PPC), and propylene oxide (PO). Source: Lianhong Xinke