Yunnan Aluminum non-public offering shares raised 3 billion yuan for Yunnan Aluminum Wenshan Green Aluminum Project

Published: Dec 30, 2021 14:19
Source: SMM

On December 27th, Yunnan Aluminum Co., Ltd. issued a listing notice of Yunnan Aluminum Co., Ltd.'s non-public offering of A-shares, which said that 339750849 new shares were added in private at a price of 8.83 yuan per share. the total amount raised by the issue is about 3 billion yuan, and the net funds raised is 2.975 billion yuan.

Among the 17 specific targets of this non-public offering, including Central Enterprise Rural Industrial Investment Fund Co., Ltd., Aluminum Corporation of China, Caitong Fund, Huaxia Fund, Guotai Junan Securities, Galaxy Securities, etc., its central enterprise Rural Industrial Investment Fund Co., Ltd. was allocated a large number, spending a total of nearly 500 million yuan to subscribe; the second shareholder, Aluminum Corporation of China, also spent nearly 320 million yuan to participate in the subscription.

After deducting the issuance expenses, the total amount of funds raised in this non-public offering will be used for the "Yunnan Wenshan Aluminum Co., Ltd. (hereinafter referred to as" Yunnan Aluminum Wenshan ") green low-carbon hydropower and aluminum integration project", replenish working capital and repay bank loans. At present, Yunnan Aluminum Wenshan Green Aluminum Project has been completed and put into production.

On December 28, Yunnan Aluminum Co., Ltd. issued a notice of Yunnan Aluminum Co., Ltd. on the use of raised funds for replacement has been pre-invested in the project self-raised funds, the announcement mentioned that since September 29, after the board of directors of Yunnan Aluminum Co., Ltd. examined and approved the "preliminary plan for the company's non-public stock offering plan", in order not to affect the implementation progress of the project, the company invested in raising funds in advance to raise funds for investment projects. As of December 22, 2021, the actual investment amount of the investment project raised by the company in advance with self-raised funds is 736256012.70 yuan, and the proposed replacement amount is 736256012.70 yuan.

At the same time, Yun Aluminum Co., Ltd. said that this fund-raising will provide strong support for the company's follow-up development, the company's future development strategy will be effectively supported, and it is expected that the company's business income and profitability will be improved after the implementation of the fund-raising project.

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