Asia
Dynanonic to Raise 2.90 Billion Yuan via Share Placement
Shenzhen Dynanonic (SHE:300769) plans to raise up to 2.90 billion yuan through a share placement, according to a Wednesday disclosure on the Shenzhen bourse.The Chinese nano-scale lithium-ion battery producer's shares fell 2% at the close of Thursday's trade.The company will place up to 84,056,409 shares, or 30% of its total shares.A majority of the proceeds, which is worth 215 billion yuan, will be used for the phase I construction of a lithium battery new materials plant, and the remaining amount will supplement the company's working capital.
SHE:300769
