Ronghui Lithium Industry Division gem IPO accepted and proposed to raise 924 million yuan

Published: Dec 25, 2020 13:49

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On December 23, Jiangsu Ronghui General Lithium Industry Co., Ltd. (hereinafter referred to as "Rong Hui Lithium Industry") applied for listing on Kechuang Board has been accepted, with Soochow Securities as its sponsor. It is proposed to raise 924 million yuan.

According to the prospectus, the company plans to issue no more than 136.378333 million shares to the public, and plans to use the proceeds for the "annual production of 68000 tons of battery-grade lithium hydroxide and 60, 000 tons of battery-grade lithium carbonate (phase I)" project, which is divided into two phases. the first phase of the project is to produce 34000 tons of battery-grade lithium hydroxide and 30, 000 tons of battery-grade lithium carbonate.

Since its inception, Ronghui Lithium Industry has been focused on the research and development, production and sales of deeply processed lithium products. During the reporting period, lithium carbonate and lithium hydroxide products were the main sources of income from the company's main business. Lithium carbonate is mainly used in the production and research of lithium ion battery materials and electrolyte materials. It is an important basic material for the synthesis of lithium cobalt oxide (LCO), lithium nickel oxide (LNO), lithium manganate (LMO), lithium iron phosphate (LFP), lithium nickel cobalt manganate (NCM622, NCM523 and NCM333) and so on.

Ronghui Lithium Industry Lithium Carbonate

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