Chengdu Wintrue Holding Co.Ltd(002539) the plan for non-public offering of shares was released on the evening of January 14. The objects of this non-public offering of shares are no more than 35 specific objects that meet the conditions specified by the CSRC, including Mou Jiayun, the actual controller of the company. The number of shares issued does not exceed 303 million shares (inclusive), and the total amount of funds raised does not exceed 2.5 billion yuan (inclusive), After deducting the issuance expenses, it is proposed to be used for the comprehensive utilization of phosphate rock resources, the production of new energy materials, the linkage production project of slow and controlled release compound fertilizer and the project of replenishing working capital.
The announcement shows that Mou Jiayun does not participate in the market bidding process, but promises to accept the market bidding results, and the total subscription fund is no less than 200 million yuan.
The linkage production project of comprehensive utilization of phosphate rock resources to produce new energy materials and slow and controlled-release compound fertilizer plans to build an annual capacity of 350000 tons of battery grade iron phosphate and 600000 tons of slow and controlled-release compound fertilizer, as well as the front-end supporting capacity of 1.5 million tons of phosphate rock beneficiation, 1 million tons of sulfur to sulfuric acid, 300000 tons of wet process phosphoric acid (converted) and 300000 tons of refined phosphoric acid and relevant supporting facilities.
Chengdu Wintrue Holding Co.Ltd(002539) said that lithium iron phosphate has become an important development direction of cathode materials for power batteries of new energy vehicles due to its safety, large capacity, discharge, fast charging and low cost. As a precursor of lithium iron phosphate, iron phosphate has a broad market prospect. The company plans to build new iron phosphate production capacity in this issuance, which will help the company seize the development opportunity of new energy industry, extend the company’s phosphorus chemical industry chain, expand phosphorus chemical terminal products, fill in and complete the company’s integrated industrial chain, give full play to the collaborative advantages of phosphorus chemical industry and compound fertilizer business, consolidate the company’s cost control advantages and incubate new profit growth points. At the same time, it is planned to increase the production capacity of slow-release and controlled-release compound fertilizer of the company, which is conducive to improving the core competitiveness of the company.
