Wanwei High-Tech Plans Private Placement to Controlling Shareholder Wanwei Group, Raising Up to 2.3 Billion Yuan

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Wanwei High-Tech announced plans to issue shares to its controlling shareholder Wanwei Group, raising up to 2.3 billion yuan. The proceeds will be used for a 200,000-ton-per-year ethylene-based functional polyvinyl alcohol resin project and a project producing 30 million square meters per year of polyvinyl alcohol optical film for high-generation panels.

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安徽皖维集团有限责任公司i
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As controlling shareholder, will subscribe to the placement, providing capital.