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Xinhan New Materials (a subsidiary of Sunlon) plans to raise up to 1 billion yuan to build an annual production of 8,100 tons of high-performance resins and composite materials, and 5,000 tons of monomers, at the Nanjing Jiangbei New Materials Science Park. The project has a total investment of 961 million yuan and a construction period of 36 months.
“The company intends to issue shares to specific objects, raising a total of no more than 1 billion yuan for the construction of three major projects.”news.chemnet.com
Summarized from public sources; check the original articles before acting on it.