Liyuan Aluminium Plans Private Placement

(China Aluminium Network) Jinlin Liyuan Aluminum plans to issue a maximum of 72.8 million shares at CNY 17.50 per share in order to raise up to CNY 1.5 billion.

Proceeds raised will be used to diversify the product mix and implement its strategy of improving its high end products.

According to the company, the maximum number of shares that can be purchased by a single investor is 20 million shares.

The company plans to invest a total of CNY 1.89 billion for the processing of rail car materials, and will invest the total amount raised into this project, which will produce aluminum materials used in the production of automobiles, rail cars and large components.

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