Putailai Sichuan Integrated Project Will Continue to Be Implemented
Putailai (603659.SH) announced that the "Annual Production of 100,000 mt High-Performance Lithium-Ion Battery Anode Material Integrated Construction Project," a fundraising investment project from the company's 2022 non-public issuance, has experienced delays. This is due to the company’s continuous upgrades and improvements to the project's process technology and production equipment in response to changes in the previous market supply-demand relationship and in alignment with its own operational strategies, aiming to build highly efficient and continuous integrated capacity. As a result, the project is expected to be unable to complete on schedule. Based on confidence in the industry's future development and the needs of its own development strategy, the company will postpone and continue to implement this fundraising investment project.
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