Longxing Chemical: it is proposed to raise no more than 1.604 billion yuan
Longxing Chemical announced that the total amount of funds raised by the proposed non-public offering of shares will not exceed 1.604 billion yuan. The net amount of funds raised after deducting the issuance expenses will be used for Shanxi Longxing carbon based new material circular economy industry project (phase I). The issuing objects are no more than 35 specific investors, including Liu Pengda, chairman of the company, and the number of shares to be subscribed is no less than 5 million shares and no more than 10 million shares.
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