# Enpack plans RMB 500 million private placement to fund capacity increase

Chinese easy-open-end maker Guangdong Enpack Packaging plans to raise RMB 500 million (US$70.4 million) through a private share placement to fund facility upgrades and ten new production lines in Shantou.

- Type: Investment
- Announced: 2020-04-27
- Where: Shantou, China
- Value: $70.4M (500.0M CNY)
- Status: announced
- Capacity: ten production lines
- Products: easy-open ends
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Guangdong Enpack Packaging](https://endata.com/companies/6416.md)

## Sources

- [canmaker.com](https://canmaker.com/easy-open-end-maker-enpack-to-raise-70m-for-capacity-increase/), 2020-04-27: "The Shantou-based company said it will sell shares in a private placement to raise RMB500 million (US$70.4m) to pay for the upgrade of its facilities."

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