SHANGHAI, Nov 8 (SMM) – Hailiang (002203.SZ) passed the proposal of the 150,000 mt/year high-performance copper foil materials at the nineteenth meeting of the seventh board of directors on November 7, 2021. It agreed that the company will build the high-performance copper foil material project with an annual output of 150,000 mt.

The total investment of the project is estimated to be 8.9 billion yuan, including 6.9 billion yuan in fixed assets and 2 billion yuan in circulating funds.