Shunbo Alloy plans to raise no more than 600 million yuan through a

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NewsFlash / Aluminium / Shunbo Alloy Issues Additional Shares Worth 600 Million to Build Aluminum Project

Shunbo Alloy Issues Additional Shares Worth 600 Million to Build Aluminum Project

Jul 23, 2025 15:29

Source:SMM

Shunbo Alloy plans to raise no more than 600 million yuan through a private placement to drive the implementation of its secondary wrought aluminum alloy project. The company has released a pre-plan for the issuance of A-shares to specific investors, and the raised funds will be used to support the relevant project constructions of Anhui Yubo Aluminum Semis Co., Ltd. and Anhui Wangbo New Materials Co., Ltd. Specifically, the funds will be invested in Anhui Yubo's low-carbon and environmental protection-oriented aluminum alloy slab project with an annual output of 630,000 mt, as well as Anhui Wangbo's green and circular high-performance aluminum plate/sheet and strip project with an annual output of 500,000 mt. It is worth mentioning that, as a supporting link for the aluminum plate/sheet and strip project, the aluminum alloy slabs produced by the aluminum alloy slab project will mainly be used as raw materials for the aluminum plate/sheet and strip project, while the final products to be sold in the market are aluminum plate/sheet and strip.

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