# Luoyang Glass plans CNY 573M share placement for glass production projects

Luoyang Glass plans to issue up to 24.45 million new A-shares to raise up to CNY 573 million. Proceeds will fund a new photovoltaic cover material production line at Hefei New Energy and a high-transparency dual-glass module project at Tongcheng New Energy.

- Type: Investment
- Announced: 2017-02-07
- Where: China
- Value: $83.0M (573.0M CNY)
- Status: announced
- Products: photovoltaic cover material, high-transparency dual-glass modules
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Luoyang Glass](https://endata.com/companies/20482.md)
- [Kaisheng Group](https://endata.com/companies/22031.md) (investor)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/41951.html), 2017-02-07: "建议A股配售拟募集的所得款项中约4.5亿元拟用作合肥新能源全氧燃烧新型光伏盖板材料生产线二期项目的开发成本"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.